FINWIRES · TerminalLIVE
FINWIRES

Malaysian Shares End in Red Amid Mixed Regional Performance; IJM's Shares Rise 4%

By

Malaysian shares extended losses on Friday due to broad-based selling, amid a mixed regional performance.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 1.86 points to end 0.1% lower at 1,683.07. The day range was between 1,680.59 and 1,694.65.

In economic news, Malaysia's official reserve assets stood at $129.7 billion, while other foreign currency assets amounted to $66.6 million as of the end of April.

In corporate news, shares of IJM (KLSE:IJM) gained over 4% on Friday's close after its unit IJM Properties agreed to disposal of a piece of land together with a single-story building for 47.5 million ringgit. The property, located in Sabah, Malaysia, will be sold to Coupang - the asset-holding company of the Econsave Cash & Carry.

Shares of Berjaya Property (KLSE:BPROP) dropped about 2% on close after its unit Nural Enterprise shed 21.9 million shares, or about 1.98% equity interest in 7-Eleven Malaysia (KLSE:SEM) to Detik Ria for about 43.9 million ringgit.

Related Articles

Asia

Market Chatter: Chinese Tungsten Exports to Japan Halve in April

China's exports of tungsten to Japan halved in April from the 2025 monthly average following Beijing's export restrictions on the mineral, Nikkei Asia reported Friday.The restrictions forced Japanese firms to look for other sources of the metal, increasing imports of tungsten scrap from the U.S. and elsewhere, the report said.Tungsten is used to manufacture carbide tools for aircraft and automobile parts, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^N225$^SSEC$^SZSE
Asia

BF Investment Returns to Consolidated Profit in Fiscal Q4

BF Investment (NSE:BFINVEST, BOM:533303) booked a consolidated profit of 1.14 billion Indian rupees in the fiscal fourth quarter, compared with a consolidated loss of 33.3 million rupees a year ago, according to a Friday filing by the investment firm.Earnings per share for the quarter ended March 31 stood at 30.33 rupees, compared with a loss per share of 0.88 rupees a year earlier.Total income in fiscal Q4 increased year on year to 374.9 million rupees from 264.7 million rupees.The company declared a final dividend of 10 rupees per share for the financial year ended March 31.

$BOM:533303$NSE:BFINVEST
Asia

GMO Internet Group Fixes Terms for 25 Billion Yen in Multi-Tranche Corporate Bond Issuance

GMO internet group (TYO:9449) has decided on the terms for its 12th, 13th, and 14th series of unsecured straight corporate bonds, totaling 25 billion yen, according to a Tokyo bourse filing on Friday.The three tranches consist of a 10 billion yen 3-year bond with a 2.436% coupon, a 10 billion yen 5-year bond with a 3.132% coupon, and a 5 billion yen 7-year bond with a 3.842% coupon.All bonds have a denomination of 100 million yen, an issue price of 100% of par, and a closing date of June 4.Proceeds will be used for bond redemption, with Daiwa Securities serving as lead manager for two tranches alongside a syndicate of major securities firms. The bonds carry an A- rating from Japan Credit Rating Agency.Coupon payments will occur semi-annually on June 4 and December 4.

$TYO:9449