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FBM KLCI snaps six-day losing streak to close higher
FBM KLCI snaps six-day losing streak to close higher

The Star

time23-05-2025

  • Business
  • The Star

FBM KLCI snaps six-day losing streak to close higher

KUALA LUMPUR: The FBM KLCI snapped a six-session losing streak on Friday, closing higher despite broadly weaker regional markets. The 30-stock index increased by 8.26 points, or 0.55%, to close at 1,535.38. However, it recorded a cumulative decline of 2.32% for the full week. There were 468 gainers, 447 losers and 506 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.72 billion shares valued at RM2.2bil. Malaysian Pacific Industries rose 42 sen to RM18.42, PETRONAS Gas gained 32 sen to RM18, Sunway Construction added 26 sen to RM5.41 and Kuala Lumpur Kepong climbed 22 sen to RM19.84. Among the day's biggest decliners were Dutch Lady , down 80 sen to RM29.30, Heineken, 36 sen lower at RM27.94, YTL Power, down 21 sen to RM3.39, and LPI Capital, 20 sen lower at RM14.80. Main Market newcomer Eco-Shop Marketing, the most actively traded counter on Bursa Malaysia, closed up 6.19% or seven sen at RM1.20, with 209.16 million shares changing hands. Meanwhile, stock market data showed that foreign funds offloaded RM208 mil worth of equities on Thursday. Local institutions and retailers were net buyers at RM133 mil and RM75 mil, respectively. On the forex market, the ringgit rose 0.86% against the US dollar to 4.2367. It also gained 0.46% against the euro to 4.8043, climbed 0.22% against the pound sterling to 5.7145, and strengthened 0.48% against the Singapore dollar to 3.2927. Among the key regional markets: Japan's Nikkei 225 closed up 0.47% to 37,160.47; Hong Kong's Hang Seng Index rose 0.12% to 23,573.45; China's CSI 300 Index fell 0.81% to 3,882.27; Taiwan's Taiex declined 0.09% to 21,652.24; South Korea's Kospi closed down 0.06% to 2,592.09 and; Singapore's Straits Times Index fell 0.06% to 3,882.42 points.

Misuse of over RM430k: Man charged
Misuse of over RM430k: Man charged

Daily Express

time20-05-2025

  • Daily Express

Misuse of over RM430k: Man charged

Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 By: Jo Ann Mool Text Size: Each charge under Section 403 of the Penal Code carries a jail term of between six months and five years, whipping and liability of a fine, on conviction. Kota Kinabalu: A man was charged in the Magistrate's Court here with two counts of misappropriation of property amounting to RM431,700.90. Jonathan Benjamin, who appeared before Magistrate Dzul Elmy Yunus pleaded not guilty to both charges. Advertisement On the first count, Jonathan was accused of dishonestly misusing a company property, specifically daily sales cash amounting to RM222,776, between January 2023 and December the same year at the KK Garden Seafood Restaurant Gaya branch. Jonathan was accused of dishonestly using the company's money, namely daily sales cash totalling RM208,924.90 between January and December 2024 at the KK Garden Seafood Restaurant's Gaya branch. Each charge under Section 403 of the Penal Code carries a jail term of between six months and five years, whipping and liability of a fine, on conviction. Prosecuting Officer Inspector Mohamad Hamidi Mohamad Hamzah, proposed bail at RM4,000. Advertisement Jonathan's counsel applied for a lower bail amount. The court fixed July 4 for pre-trial case management (ptcm) and released the accused on a bail of RM2,000 in two sureties. In another case, a 35-year-old man was charged with attempting to shoplift. Rabsun Saranglali pleaded not guilty to trying to steal 12 different types of grocery items at Servay Jaya, OneBorneo Mall in Manggatal, on March 4, this year, at 5.52pm. He was charged under Section 380/511 of the Penal Code. The court set July 4 for ptcm and offered the accused RM1,800 bail in two sureties. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

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