Day: July 23, 2024

KUALA LUMPUR, Bursa Malaysia opened higher today, driven by bargain hunting following yesterday’s decline, which made stocks more attractive to investors. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.48 points to 1,629.55 from Monday’s close of 1,622.07. The index opened 3.16 points higher at 1,625.23. In the broader market, gainers outnumbered decliners 353 to 122, with 291 counters unchanged, 1,705 untraded and 16 suspended. Turnover stood at 291.12 million units worth RM184.96 million. Rakuten Trade Sdn Bhd’s equity research vice-president, Thong Pak Leng, noted that the FBM KLCI declined to nearly 1,620 yesterday as selling activities

KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives traded higher this morning. At 9.20 am, spot month July 2024, August 2024 and September 2024 all garnered 7.0 points to 1,622.0, 1,625.5 and 1,608.5, respectively, while December 2024 added 4.0 points to 1,616.5. Turnover amounted to 1,437 lots, with open interest at 51,486 contracts. The FBM KLCI advanced 7.18 points to 1,629.125 after 41 minutes of trading. Source: BERNAMA News Agency

BEIJING, Xsolla, a global video game commerce company known for its extensive suite of tools and services specifically designed for the game industry, is thrilled to announce the grand opening of the Xsolla Greater China Region office. The opening event will occur on Monday, July 22, 2024, at D-06 Parkview Green Fangcaodi, Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and worldwide. The expansion of the Xsolla Beijing office embodies a vision to serve as a humble partner and provide access to the tools and services for everyone in the gaming community,

KUALA LUMPUR, The Malaysian Investment Development Authority (MIDA) congratulates Sarawak Petchem Sdn. Bhd.’s (Sarawak Petchem) for the launch of its cutting-edge Methanol Complex in Tanjung Kidurong, Bintulu, Sarawak. This significant project, with an annual production capacity of 1,750,000 metric tonnes, solidifies the company’s position as Malaysia’s second-largest methanol producer after PETRONAS Chemical. With the commissioning of Sarawak Petchem’s methanol plant, Malaysia has emerged as the leading methanol producer in the Asia Pacific region. The availability of methanol in Malaysia, particularly in Sarawak, is expected to drive further investments and stimulate the production of other downstream products. Methanol is a critical

KUALA LUMPUR, Her Majesty Raja Zarith Sofiah, Queen of Malaysia, paid a visit to the Orang Asli Hospital Gombak (HOAG) here today. The visit was part of the events commemorating the installation of His Majesty Sultan Ibrahim as the 17th King of Malaysia, a ceremony steeped in customs and traditions that took place at Istana Negara last Saturday. Raja Zarith Sofiah was welcomed upon arrival at 9.53 am by the Prime Minister’s wife, Datuk Seri Dr Wan Azizah Wan Ismail, and the wife of the Selangor Menteri Besar, Datin Seri Masdiana Muhamad. Also in attendance were Communications Minister Fahmi Fadzil,