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itchy itchy Trader club ( iiTc )

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FBM KLCI down 0.22% to 1614.37 on June 10, 2024 https://theedgemalaysia.com/node/714854
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FBM KLCI down 0.22% to 1614.37 on June 10, 2024

KUALA LUMPUR (June 10): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday:

Govt must explore use of cheap alternative energy to replace diesel — Abang Jo https://theedgemalaysia.com/node/714847
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Govt must explore use of cheap alternative energy to replace diesel — Abang Jo

Sarawak Premier Tan Sri Abang Johari Tun Openg has proposed that the federal government seek out affordable and sustainable alternative energy sources to replace diesel consumption nationwide.

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Sarawak's energy transition policy will involve collaborations with other countries — Abang Johari

Sarawak Premier Tan Sri Abang Johari Tun Openg on Monday gave people a peek into the proposed Sarawak Energy Transition Policy (SET-P), another of its roadmap towards green energy to ensure a sustainable, clean and prosperous energy future for the state.

Malaysia's factory output to pick up in months ahead, economists say https://theedgemalaysia.com/node/714850
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RHB Investment optimistic about Malaysia's manufacturing sector outlook

RHB Investment Bank Bhd remained optimistic about Malaysia’s manufacturing sector outlook, supported by a favourable global and domestic economic landscape, a global technology upcycle and an improved investment appetite. The bank said that its positive view was bolstered by a restored confidence among Malaysia’s manufacturers.

Ageson secures RM76m construction job in Sepang https://theedgemalaysia.com/node/714864
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Ageson secures RM76m construction job in Sepang

KUALA LUMPUR (June 10): Practice Note 17 (PN17) outfit Ageson Bhd (KL:AGES) said it has secured a RM75.67 million contract to undertake a construction project in the Sepang district of Selangor.

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MIDF Research projects Malaysia's unemployment rate to stay at 3.3% in 2024

Malaysia's average unemployment rate is projected to hold steady at 3.3% for 2024, according to MIDF Research, which anticipates continued strengthening of the country's labour market in the upcoming months. The encouraging labour market outlook is underpinned by a robust domestic economy and continued recovery in external trade, MIDF Research said in a note on Monday.

RHB Investment optimistic about Malaysia's manufacturing sector outlook https://theedgemalaysia.com/node/714850
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RHB Investment optimistic about Malaysia's manufacturing sector outlook

RHB Investment Bank Bhd remained optimistic about Malaysia’s manufacturing sector outlook, supported by a favourable global and domestic economic landscape, a global technology upcycle and an improved investment appetite. The bank said that its positive view was bolstered by a restored confidence among Malaysia’s manufacturers.

Repost from M+ On-The-Go
M+ Online Market Wrap - 10Jun24 FBM KLCI: 1,614.37 pts (-3.49pts, -0.22%) The FBM KLCI (-0.22%) ended lower as the index was dragged by selling pressure in selected industrial products and utilities heavyweights, while optimism in the market may have been slightly tamed as the US nonfarm payroll came in higher-than-expectations which suggests delayed rate cuts. Meanwhile, the market breadth was positive as gainers outpaced losers at 628-to-531 stocks. On the broader market, the Transportation & Logistics sector (+1.73%) was the best performing sector on the back of buying interest in HUBLINE (+3.0 sen) and SYGROUP (+5.5 sen), the former rose after an acquisition announcement, whereas the Healthcare sector (-0.72%) declined the most. Top 3 Active stocks: HUBLINE (7013): RM0.07 (+3.0 sen) JAKS (4723): RM0.175 (+2.0 sen) TALAMT (2259): RM0.015 (unch) Volume: 5.96 bn (100-day avg vol: 4.35 bn) Value: RM3.30 bn (100-day avg val: RM3.16 bn) Market Breadth: ⬆️628 ⬇️531 Crude palm oil: RM3,927 (-RM48) Dow Futures: 38,742 pts (-115 pts) **Source: Bloomberg, M+ Online**
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Asean-Six GDP to recover to 4.5% this year — Maybank https://theedgemalaysia.com/node/714802
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'Malaysia has made progress in 2 out of 7 Johor-Singapore Special Economic Zone initiatives' https://www.nst.com.my/business/economy/2024/06/1061485/malaysia-has-made-progress-2-out-7-johor-singapore-special-economic
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'Malaysia has made progress in 2 out of 7 Johor-Singapore Special Economic Zone initiatives' | New Straits Times

KUALA LUMPUR: Malaysia’s government has made progress on two out of the seven initiatives outlined in the Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) in April, according to UOB Global Economics & Markets Research.