News by TheEdgemarkets.com

As expected, Bank Negara Malaysia left its benchmark interest rate unchanged at 3% today at the its first Monetary Policy Committee meeting of the year.

The research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.

MRT Corp, which is wholly-owned by the Minister of Finance (Incorporated) and the developer and owner of the MRT project, said the RM40 billion figure was originally submitted in a private sector proposal for a three-line KVMRT project to be built concurrently, to the government back in 2010 and it was based on prices in 2009.

"The lender (Lee) has gratuitously agreed to the extension in the best interest of the company after taking into consideration the financial obligations of the company," said Country Heights in a filing with Bursa Malaysia yesterday.

The development was initially proposed by Tanah Makmur in 2014, to the Pahang government to be incorporated into the KotaSAS township.

TRIplc, according to Puncak Niaga's bourse filing announcing the proposed acquisition today, holds two concessions awarded by the government and Universiti Teknologi MARA (UiTM).

“Negative for REITs as rental reversions will be capped with the influx of more malls and office space.”

“A crossover of RM2.79 should see further price rise to the next overhead resistance at RM2.94."

AllianceDBS Research said stock volume traded on Nov 14 was 2.37 million shares compared to the 3-month average volume of 2.82 million shares.