Vincent Khoo News
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Malaysia’s ringgit rallied the most since 2010 and stocks rose to a record after Prime Minister Najib Razak won a clear majority in the election, giving him a mandate to continue his economic reforms.
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Malaysia’s benchmark stock index may “stampede” beyond 1,781 by the first half of the year, a 14 percent surge, bolstered by foreign funds and expectations of an early general election, according to UOB Kay Hian Group .
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MISC Bhd., the world’s second- largest liquefied natural gas shipper, gained in Kuala Lumpur after its biggest minority shareholder said it wants Petroliam Nasional Bhd. to raise its buyout price.
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Carlyle Group made a 1.94 billion ringgit ($620 million) takeover offer for Southeast Asian fast- food chain operator QSR Brands Bhd. , topping an earlier bid led by Malaysian businessman Halim Saad .
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Paul Wilkie was out of breath as he got off the Battlestar Galactica roller coaster at Universal Studios Singapore . “It was unbelievable, I’m still dizzy.”
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Genting Singapore Plc dropped for the first time in five days after its Resorts World Sentosa Pte.’s casino was fined S$600,000 ($488,599) by the Singapore regulator for breaching laws against reimbursing entry fees.
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Malaysian stocks rose, driving the benchmark index to a record close, as government plans to boost the economy and an appreciating currency bolstered foreign investment in the market to a two-year high.
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Shares of the following companies had unusual moves in Malaysia trading . Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Kuala Lumpur.
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Shares of the following companies had unusual price changes in Malaysia trading . Stock symbols are in parentheses, and prices are as of the 5 p.m. close in Kuala Lumpur.
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Shares of the following companies had unusual moves in Malaysia trading . Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.
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