HO HUP CONSTRUCTION COMPANY

KLSE (MYR): HOHUP (5169)

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Last Price

0.13

Today's Change

0.00 (0.00%)

Day's Change

0.125 - 0.13

Trading Volume

268,400

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
13 people like this. Showing 50 of 5,700 comments

Good123

Let’s unravel the enchanting tale of why Iranians flock to the Malaysian property market like curious travelers drawn to hidden treasure chests:

🌟 The Persian Carpet Chronicles: A Journey to Malaysia 🌟

Once upon a time, in the bustling bazaars of Tehran, whispers of a faraway land reached the ears of Iranian dreamers. They spoke of a place where durians danced with monsoons, and the sun dipped into the sea like a golden coin. That place was none other than Malaysia.

🏠 The House of Spice and Harmony 🏠

Affordable Alchemy:
Iranians marveled at Malaysia’s affordable living costs. The currency, like a humble genie, stretched their dirhams and rials into magical proportions.
“Buy a home,” the wise elders said, “and watch your wealth multiply like jasmine vines.”
Cultural Kaleidoscope:
Malaysia’s diverse culture beckoned like a siren’s song. Iranians reveled in the fusion of Malay batik, Persian carpets, and Chinese lanterns.
“Here,” they whispered, “your heart can dance to a thousand rhythms.”
Economic Alchemy:
The strong economy shimmered like a desert mirage. Iranians saw skyscrapers sprouting like date palms, and their hearts quickened.
“Invest,” the merchants advised, “and watch your dirhams dance the tango with ringgits.”
Political Serenity:
Malaysia’s political stability was a soothing balm. Iranians sought refuge from the tempests of their homeland.
“Here,” they sighed, “our dreams can bloom like hibiscus flowers.”
The MM2H Spell:
The Malaysia My Second Home (MM2H) program cast its enchantment. Iranians held golden visas like ancient scrolls.
“Stay awhile,” the MM2H wizards intoned, “and weave your tales into our tropical tapestries.”
🔮 The Grand Prediction 🔮

And so, Iranians bought homes in Malaysia—condos with durian-themed balconies, villas by moonlit beaches, and apartments overlooking rainforests. Their laughter echoed through the corridors, blending with the call to prayer from distant mosques.

The Property Pixies danced, whispering secrets of rental yields and capital gains. The Property Portal glimmered, connecting Tehran to Kuala Lumpur in a cosmic embrace.

And as the sun dipped into the Strait of Malacca, Iranians raised their glasses of teh tarik, toasting to a new chapter—a home where spices mingled, cultures harmonized, and dreams took root.

For in Malaysia, they found not just properties, but a place where hearts could wander and souls could soar. 🌏🇮🇷🇲🇾

Remember, dear reader, this tale is spun from stardust and imagination. But the truth remains: Iranians find solace and adventure in the Malaysian property market, where every brick whispers, “Welcome home.” 🏡✨

4 days ago

Good123

same trend, ready to fly :)

2024-03-20 0.175 0.155 0.180 0.155 8,634,900
2024-03-19 0.150 0.140 0.150 0.130 9,045,900
2024-03-18 0.135 0.125 0.135 0.120 6,905,900
2024-03-15 0.125 0.155 0.155 0.125 6,236,600
2024-03-14 0.155 0.155 0.160 0.155 511,700

4 days ago

Good123

China conglomerate might acquire Ho Hup Construction Company:

Strategic Expansion:
The China conglomerate seeks to expand its footprint in the construction industry.
Acquiring Ho Hup provides access to the Malaysian market and established projects.
Affordability and Growth:
Ho Hup’s affordable living costs and strong economy appeal to investors.
The acquisition aligns with the conglomerate’s growth strategy.
Golden Visa Opportunity:
Malaysia’s MM2H program offers golden visas to property buyers.
Owning Ho Hup properties grants access to this program.
In summary, the China conglomerate aims to grow its construction portfolio by acquiring Ho Hup, leveraging Malaysia’s economic advantages and MM2H program. 🏗️🌏🇨🇳🇲🇾

4 days ago

Good123

started to rebound, etc. accumulate... :)

Time Price Chg Vol
16:29:21 0.130 20,000
15:28:43 0.130 +0.005 15,200
14:30:00 0.125 500

4 days ago

Good123

Avg Vol 217.73 Value100,951 Trans37 Buy Rate67%

4 days ago

Good123

Special Economic Zone with Singapore will transform Johor and unleash its economic potential, says Maybank IB https://www.malaymail.com/news/malaysia/2024/04/19/special-economic-zone-with-singapore-will-transform-johor-and-unleash-its-economic-potential-says-maybank-ib/129563

4 days ago

Good123

Terbaik bagi sector property& construction, muda-muda-mudi tak mau tinggal bersama ibubapa.

"Living by ourselves makes me and my children happy. It’s hard to have conflicts if we all live separately." Hanh said.

2 days ago

Good123

Property sector , recovery path started, etc

KULAI: Seventy per cent of the property development in Forest City, Iskandar Puteri, has been sold within the past two years and is set to continue to increase over the next three or four years.

State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor said the impact of property sales would further boost the economic sector in the area.

"Many unsold properties over the past four years have been sold within two years.

"For example, in Forest City, which people call a 'ghost town,' many people do not know that 70 per cent of the real estate development there has been sold, as well as in Country Garden and the surrounding areas of Johor Bahru," he told reporters after the Hari Raya Aidilfitri Open House in Hutan Bandar Kulai here today.

He said this when asked to comment on the number of properties sold in Forest City so far.

He said that it is among the positive impacts of the continuous efforts of the state government, which is always committed to addressing the issue of unsold properties.

Meanwhile, Mohd Jafni said the state government's initiative to enhance the efficiency of work processes and governance to reduce red tape or bureaucracy in the government delivery system could be a catalyst for progress in the state.

He said this could be seen through a recent statement by Prime Minister Datuk Seri Anwar Ibrahim, who anticipated Johor to become the most developed state in Malaysia following the implementation of several high-impact projects.

"I fully agree with the Prime Minister's statement because Johor Menteri Besar Datuk Onn Hafiz Ghazi has engaged with investors from Singapore and China. All of this is happening," he said.

Last Thursday, Anwar was reported to have said that high-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Special Financial Zone (SFZ) could drive Johor's economy to surpass other states within the next one to two years.

2 days ago

Good123

In her latest report, Liu said Malaysia started the first quarter of 2024 with encouraging signs of an economic recovery.

The first-quarter advanced GDP growth accelerated to 3.9% year-on-year, in line with market expectations.

While the recovery is still nascent, Liu said it signalled a positive picture of an economic rebound.

“We expect growth to recover to 4.5% in 2024, on the back of better trade prospects,” she added.

2 days ago

Good123

V shape recovery, stay +

2 days ago

Good123

LONDON: Prices of homes being sold in Britain are close to their record highs after the biggest annual increase in a year, according to an industry survey that suggested the momentum in the housing market of early 2024 extended into April.

Property website Rightmove said on Monday its asking prices for residential properties rose by 1.7% in the four weeks to April 13 when compared with the same period last year. Prices sought by sellers rose by 1.1 per cent in month-on-month terms, slowing from a 1.5 per cent increase in the previous four weeks.

The average new seller asking prices of 372,324 pounds (US$463,320) was only 570 pounds of a record hit in May 2023, Rightmove said.

Other measures of Britain's housing market have also shown a recovery in demand and prices, helped by a fall in borrowing costs which surged in 2022 when former Prime Minister Liz Truss's plans for sweeping tax cuts upset financial markets.

Rightmove said the number of new sellers was 12 per cent higher than a year earlier and the number of sales was up by 13 per cent. Demand was strongest in the high-end segment where asking prices in 2024 so far are up by the most since 2014.

Demand for properties typically sought by first- and second-time buyers - who are typically more mortgage-dependent rose by less, the survey showed.

"Despite the current optimism, these are not the conditions to support substantial price growth," Tim Bannister, Rightmove's director of property science, said.

"Sellers who are keen to secure their sale will still need to price realistically for their local market and avoid being over-ambitious."

(US$1 = 0.8036 pounds)

2 days ago

Good123

The Real Estate & Housing Developers' Association Malaysia's members continue to be optimistic about the local property market this year, although concerns remain over rising input costs and changing trends.

2 days ago

Good123

Most Asian stocks rose on Monday, rebounding from steep losses in the prior week amid growing bets that a conflict between Iran and Israel will not worsen, although sentiment still remained on edge.

2 days ago

Good123

Broader Asian markets rebounded from last week’s losses, as a lack of immediate escalation between Iran and Israel helped improve sentiment.

2 days ago

Good123

Tiada retailer mau jual murah, petanda terbaik :)

2 days ago

Good123

Sektor pembinaan & hartanah kian pulih/bertambah baik,keep je

2 days ago

Good123

terbaik, mau terbang dah :)

Time Price Chg Vol
16:05:11 0.130 20,000
16:00:03 0.130 50,000
15:37:58 0.130 50,000
15:15:04 0.130 +0.005 100

1 day ago

Good123

memecut :0

Time Price Chg Vol
16:05:11 0.130 20,000
16:00:03 0.130 50,000
15:37:58 0.130 50,000
15:15:04 0.130 +0.005 100
15:14:13 0.125 134,700
14:56:11 0.125 20,000

1 day ago

Good123

Rising, above 20sen or higher soon hehe

1 day ago

Good123

It seems someone is buying up in stages now. Good news might come hehe

1 day ago

Good123

13sen was the lowest price paid for direct biz transactions, time2fly kot? :)

Summary from 27/05/2009 to 14/03/2024
Highest Price 1.6700 First Occurred on 30/04/2014
Lowest Price 0.1300 First Occurred on 14/03/2024
Highest Volume 21.000m First Occurred on 28/06/2011

1 day ago

Good123

Ho hup is a syariah-compliant stock. in many ways, syariah investing also inherently encourages investors to practise a long term investment horizon due to its principles.

By avoiding speculative and high-risk ventures, ho hup aligns with the patient capital approach. A deliberate focus on long term sustainability contributes to the resilience of shariah stocks like ho hup in weathering short term market fluctuations hehe

1 day ago

Good123

Flying today, see yah

NEW YORK/LONDON (Reuters) -Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

1 day ago

Good123

Yesterday~2mil shares traded, today, 10m shares pulak??
Wait n see :)

1 day ago

Good123

Banyak duit, rakyat kita

Azanis Shahila Aman

KUALA LUMPUR: The Malaysian Association of Tour and Travel Agents (Matta) said the 54th edition of the Matta Fair at the Malaysia International Trade & Exhibition Centre (Mitec) from March 22 -24 has been "exceptionally" successful.

The event surpassed expectations by attracting over 170,000 visitors and generating more than RM230 million in sales, Matta claimed.

"We have implemented a strategic plan to alleviate traffic congestion, which has been a concern during previous travel fair.

"Through the provision of shuttle services from key transportation hubs like Mitec's vicinity, KL Sentral and Sunway Putra Mall, we managed to reduce traffic-related complaints by an impressive 65 per cent.

"The overwhelming positive response to this initiative from fairgoers demonstrates the effectiveness of this approach in ensuring a smoother and more enjoyable experience for visitors," said Matta president Nigel Wong.

According to Matta, the event saw the participation of 278 exhibitors. They included 12 national tourism organisations (NTOs) and eight state tourism organisations (STOs), an indication that the Malaysian tour and travel industry remains vibrant and is expected to grow.

Domestic sales turnover amounted to more than RM31 million, indicating massive growth potential in domestic tourism which has seen significant growth post-Covid-19, it added.

Wong said Matta is working with with RapidKL to augment the transportation options available to fairgoers.

As part of these efforts, he said there will be a substantial increase in the number of buses in service, significantly reducing the waiting time intervals for attendees.

This initiative is to encourage all visitors and exhibitors to take public transportation or park their cars at Sunway Putra Mall and KL Sentral for future Matta Fairs.

"The success of Matta Fair March 2024 is a significant milestone, signaling that the tourism industry is on the last stages of recovery and is geared towards rapid growth over the next few years," Wong added.

China secured the top spot among the top 10 most popular destinations with Japan, Korea, Malaysia, Turkiye, Vietnam, Taiwan, Switzerland, Italy and United Kingdom following closely.

For domestic tourism, consumers have a preference for purchasing packages from Selangor, Sabah, Terengganu, Pahang, Kedah and Penang mainly due to the logistic considerations and diverse range of attractions.

Data also revealed that during the fair, travel packages from over 67 international destinations across North Americas, Africa, Europe, Asia and Australia were in demand

1 day ago

Good123

direct biz deal: harga terendah ialah 13sen. hope for recovery yah :)

Summary from 27/05/2009 to 14/03/2024
Highest Price 1.6700 First Occurred on 30/04/2014
Lowest Price 0.1300 First Occurred on 14/03/2024
Highest Volume 21.000m First Occurred on 28/06/2011

1 day ago

Good123

hopefully boleh balik 20-30sen dengan laju :)

1 day ago

Good123

62% BUY
38% SELL
1 10,000 0.135 0.130 50,000 1
3 80,000 0.130 0.135 470,100 4
16 787,000 0.125 0.140 335,300 6
11 754,700 0.120 0.145 85,000 3
5 209,000 0.115 0.150 170,000 6

1 day ago

Good123

RSI(14) Neutral 32.3
Stochastic(14) Oversold 16.7
Average Volume (3M) 1,200,300

1 day ago

Good123

Date Price Open High Low Volume
Hari ni UP? see yah!
2024-04-22 0.130 0.125 0.135 0.120 1,828,500
2024-04-19 0.125 0.125 0.130 0.125 805,900

1 day ago

Good123

iran-israel wars tak jadi, hohup flying back in stages

1 day ago

Good123

Johor:

Johor’s property market has seen a steady demand, particularly due to its proximity to Singapore and the development of Iskandar Malaysia.
The region has attracted both local and international investors, with a focus on affordable housing and luxury properties

1 day ago

Good123

Kuala Lumpur:

KL has recorded significant growth in average house prices over the years2.
The government’s incentives to boost the property market post-COVID-19 have helped maintain a steady increase in annual change growth.
The city’s status as the capital and a major economic hub sustains the high demand for residential properties

1 day ago

Good123

Sabah:

Sabah’s property market is influenced by its tourism appeal and growing economy1.
There is an increasing interest in both residential and commercial properties, with a focus on developing townships and eco-tourism projects1.
Overall, the property markets in these regions are driven by factors such as government initiatives, economic growth, tourism, and cross-border investments. Additionally, the shift from buyers to renters due to higher asking prices has sustained a robust demand in the rental market

1 day ago

Good123

Ho Hup Construction Company Bhd and the Pavilion Bukit Jalil development:

Bukit Jalil Development and Pavilion 2:
Ho Hup Construction Co Bhd is involved in a significant development project in Bukit Jalil, known as Pavilion 2.
This 50-acre (20.23 hectares) development is a joint venture (JV) project co-developed by Ho Hup and Malton Bhd1.
The project includes a huge shopping mall and several blocks of apartments.
The estimated gross development value (GDV) for Pavilion 2 is RM4.2 billion1.
Under the JV arrangement, Malton takes the lead and funds the development costs, while Ho Hup provides the land in exchange for an 18% share of the GDV1.
Additional Development by Ho Hup:
Apart from the 50-acre piece for the JV with Malton, Ho Hup has also independently developed an adjacent 10-acre tract in Bukit Jalil.
This 10-acre development has a GDV of RM1.2 billion1.
Ho Hup’s involvement in both projects has contributed to its growth and financial performance1.
Transformation of Bukit Jalil:
The Bukit Jalil development, including Pavilion 2, has been a major catalyst in transforming the area into a vibrant and versatile metropolis.
Backed by premium brands like Malton and the Pavilion Group, this development has significantly impacted the landscape of Bukit Jalil2.
In summary, Ho Hup’s collaboration with Malton in the Pavilion Bukit Jalil development has been instrumental in shaping the real estate landscape in the area. The combination of a shopping mall, residential apartments, and strategic location makes this project a key driver for both companies’ growth and success3. If you’re considering property investment, keeping an eye on developments like Pavilion 2 can provide valuable insights into the market trends and potential opportunities.

1 day ago

Good123

Ho Hup Construction Company Berhad is actively involved in several projects in the Bukit Jalil area. Let’s explore one of their latest developments:

Flex SOVO @ Bukit Jalil
Location: Bukit Jalil City, strategically situated in the Southern Gateway of Kuala Lumpur.
Connectivity: Excellent connectivity via major highway networks and close proximity to public amenities such as Pavilion Bukit Jalil Megamall, Bukit Jalil Park, and the National Sport Centre.
Expected Completion: 2027.
Total Units: 491 units of Flex Suites.
Unit Sizes: Ranging from 376 sq. ft. to 591 sq. ft..
Tenure: Freehold.
Project Highlights:
Versatile Spaces:
Flex SOVO offers a diverse range of units designed to provide flexibility and convenience.
Whether you’re an entrepreneur, freelancer, or small business owner, these adaptable spaces can accommodate your unique requirements.
The development seamlessly integrates work, living, and leisure.
Mixed Development:
Along with the Flex SOVO units, the development also features serviced apartments and retail spaces.
This creates a dynamic environment where residents can live, work, and enjoy leisure activities within the same vicinity.
Easy Connectivity:
Flex SOVO enjoys easy access to major highways, including Bukit Jalil Highway, MEX Highway, MRR2, and Kesas Highway.
Commuting to and from Flex SOVO is effortless, ensuring seamless connectivity to the rest of the Klang Valley.
Vibrant Cityscape Amenities:
Immerse yourself in picturesque views of the Bukit Jalil cityscape.
Experience the beauty of curated biophilic design concepts.
Indulge in the tranquil 1-acre greenery facilities, creating a serene oasis within the bustling city.
Your Haven Just a Lift Ride Away:
Escape the daily grind and find solace in the amenities at your doorstep.
Take a refreshing dip in the infinity pool or push your limits at the well-equipped gym while enjoying breathtaking city views.
Unwind and recharge in style, providing the perfect reward for hard-working entrepreneurs after a productive day.
Flexible Spaces for Malleable Ideas:
Flex SOVO embodies the future of versatile living, where convenience, flexibility, and connectivity come together.
If you’re considering property investment or looking for a modern urban lifestyle experience, Flex SOVO at Bukit Jalil offers an exciting opportunity. Explore the possibilities and secure your place in this vibrant project! 🏢🌆🌟

1 day ago

Good123

NEW YORK/LONDON: Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

MSCI's gauge of stocks across the globe rose 6.01 points, or 0.81 per cent, to 749.29.

In a reversal of Friday's "risk off" mood, spot gold lost 2.59 per cent to US$2,328.65 an ounce, poised for its biggest one-day drop since June 2022.

On Wall Street, the Dow Jones Industrial Average rose 253.58 points, or 0.67 per cent, to 38,239.98, the S&P 500 gained 43.37 points, or 0.87 per cent, to 5,010.60 and the Nasdaq Composite gained 169.30 points, or 1.11 per cent, to 15,451.31.

1 day ago

Good123

Bangunan hohup juga di bukit jalil :)

Indeed, Bukit Jalil is considered an expensive area in Kuala Lumpur, Malaysia. The property prices reflect its status as a sought-after residential location. Here are some insights into the property market in Bukit Jalil:
- The **median transacted price** for properties in Bukit Jalil is around **RM 555,000**, with a median price of **RM 470 per sq. ft.**¹.
- The area has seen a **median price** of **RM 933k** based on units sold in the preceding 12 months, although there has been a slight annual decline in growth of about **-2.0%**².

These figures indicate that Bukit Jalil is indeed on the higher end of the property market, which could be due to its development, amenities, and accessibility that add to its appeal for long-term investment and residence.

1 day ago

Good123

YTD March 2024... construction & prop sector up 16%++ respectively.. tunggu hohup UP kini haha

23 hours ago

Good123

total share traded ~ RM65K haha semua hold for medium n long term. greatly undervalued

23 hours ago

Good123

In Malaysia, the market saw a recovery with a +5.6% increase this year, reversing the 2.7% decline experienced in 2023. All sectors showed gains year-to-date as of March 2024, with Utilities, Property, Energy, and Construction leading the way

22 hours ago

Good123

13sen cleared

Time Price Chg Vol
16:19:39 0.130 22,300
16:17:37 0.130 +0.005 10,000
16:00:06 0.125 -0.005 8,800
15:43:15 0.130 +0.005 100
15:24:08 0.125 -0.005 300
15:24:08 0.130 200
15:15:54 0.130 50,000
15:13:16 0.130 75,000
11:36:42 0.130 38,000
11:21:28 0.130 17,000
11:20:04 0.130 10,000
11:19:47 0.130 14,000
11:19:24 0.130 29,000
11:04:50 0.130 100,000
10:14:29 0.130 30,000
10:14:16 0.130 50,000
09:05:56 0.130 10,000
09:05:20 0.130 100,000
09:00:49 0.130 50,000
09:00:00 0.130 50,000

22 hours ago

Good123

Uptrend restarted

KUALA LUMPUR, April 23 — Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday thanks to buying from local and foreign institutions, said an analyst.

6 hours ago

Good123

Mohd Sedek Jantan, head of wealth research and advisory and designated portfolio manager at UOB Kay Hian Wealth Advisors, said the FBM KLCI closed slightly higher today after reaching a peak of 1567.42 in the morning session, marking the highest level for this year.

6 hours ago

Good123

Adding to your investments regularly
When you see that investing in stocks actually works, you start feeling good. You might want to pour all your savings into the market.

I’m not a fan of that strategy. It will make you nervous. And nervous people become impatient.

You need to set yourself up in a way that enhances patience.

So you add smaller amounts every month. You set up automatic investments. You transfer the money to your brokerage app, and your broker does the buying for you.

It’s really simple, and it helps you let go of your investments. Just let the market do what it does.

In the long run, the market tends to rise.

4 hours ago

Good123

KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.

At 9.05 am, the ringgit appreciated to 4.7730/7780 against the greenback from Tuesday's closing of 4.7785/7820

4 hours ago

Good123

24, April 2024, Wednesday

*US*
US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

*EUR*
European markets closed higher Tuesday, with the U.K.’s FTSE 100 hitting a fresh intraday record high as investors built on positive momentum in the previous session.

*ASIA*
Japan’s Nikkei 225 led gains in Asia as markets in the region rose across the board, following Wall Street’s continued rally for a second straight day.

*MALAYSIA*
Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

*GOLD*
Gold prices steadied on Tuesday after hitting a more than two-week low on diminishing fears about an escalation of tensions in the Middle East, with investors awaiting key economic data for further clarity on the timeline on U.S. interest rate cuts.

*Oil*
Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attention shifted away from hostilities in the Middle East.

*KLCI*:
1,561.64 (+14.07) (+0.91%)

*DJIA*:
38,503.69 (+263.71) (+0.69%)

*S&P 500*:
5,070.55 (+59.95) (+1.20%)

*NASDAQ*:
15,696.64 (+245.34) (+1.59%)

*FTSE*:
8,044.81 (+20.94) (+0.26%)

*NIKKEI*:
37,552.16 (+113.55) (+0.30%)

*HSI*
16,828.93 (+317.24) (+1.92%)

*HSCEI*
5,954.62 (+123.36) (+2.11%)

*SHANGHAI*
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*SHENZHEN*:
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*USD/MYR*: 4.7769

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3 hours ago

Good123

MGO for ho hup? :)

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%
By Hee En Qi / theedgemalaysia.com
23 Apr 2024, 10:15 pm

1 hour ago

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