KUALA LUMPUR (May 25): The FBM KLCI rose 1.09% at midday break as investors appeared to take heart from assurances from the government on how it plans to tackle the economy, going forward.
The Malaysian government will be transparent about its financial numbers, whether the market likes it or not, said Finance Minister Lim Guan Eng.
At 12.30pm, the FBM KLCI rose 19.54 points to 1,795.20.
Gainers led losers by 287 to 241, while 590 counters traded unchanged. Volume was 1.23 billion shares valued at RM1.17 billion.
KUALA LUMPUR (May 25): Based on corporate announcements and news flow today, stocks in focus on Monday (May 28) may include the following: IHH Healthcare Bhd, Power Root Bhd, MyEG Services Bhd, AsianPac Holdings Bhd, Chemical Company of Malaysia Bhd, Brahim’s Holdings Bhd, Malaysia Steel Works (KL) Bhd, Pestech International Bhd, Eastern & Oriental Bhd's, Tenaga Nasional Bhd and Sime Darby Bhd.
IHH Healthcare Bhd has extended the acceptance period for its enhanced revised offer to acquire a stake in India’s Fortis Healthcare Ltd by another month.
It appears that the pumpers and dumpers of the cryptocurrency community are in for trouble. The US Justice Department and Commodity Futures Trading Commission (CFTC) have together launched a criminal probe into cryptocurrency market manipulation, Bloomberg reports. As per the report, the investigations, which are still in an early stage, are looking into all forms of illegal activities that can unfairly affect the market prices of cryptocurrencies, including pump-and-dump schemes, spoofing and wash trading. This isn’t the first time US authorities have taken notice of cryptocurrency market manipulation. In February this year, CFTC announced a rewards program for whistleblowing cryptocurrency… This story continues at The Next Web