<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 29): <a href="http://theedgemarkets.com/" target="_blank">theedgemarkets.com</a> has highlighted three stocks with momentum at afternoon market close today. Two stocks displayed positive momentum while one stock had negative momentum</p></div>

<div class=newsTextDataWrapInner><p>The stocks with positive momentum were:</p></div>

<div class=newsTextDataWrapInner><p>Triplc Bhd up 7 sen to RM2.07</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Press Metal Bhd up 13 sen to RM3.56</p></div>

<div class=newsTextDataWrapInner><p>The stock with negative momentum was:</p></div>

<div class=newsTextDataWrapInner><p>RHB Bank Bhd up 16 sen to RM 5</p></div>

<div class=newsTextDataWrapInner><p>The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.</p></div>

<div class=newsTextDataWrapInner><p>This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.</p></div>


KUALA LUMPUR (June 29): theedgemarkets.com has highlighted three stocks with momentum at afternoon market close today. Two stocks displayed positive momentum while one stock had negative momentum

The stocks with positive momentum ...

Triplc, Press Metal and RHB

Net-zero carbon (NZC) goals are driving the demand for sustainable office buildings in Asia, according to JLL’s report Asia’s Decade of Action: Accelerating the transition to Sustainable Workplaces. The report stated that 87% of occupiers in Asia are targeting 100% green-certified portfolios by 2...

JLL: Net-zero carbon goals drive accelerated demand for sustainable workplaces in Asia

Superdry plc plans to quit the London Stock Exchange (LSE) as the troubled fashion retailer pushes through a radical restructuring to stay afloat.

The British clothing chain, which soared to popularity in the 2000s for its bold lettered tops, said leaving the stock market, raising more funds and implementing a programme to cut some UK store rents and payments owed to local authorities will help it revive the core business.

Superdry to quit LSE in restructuring to turn it around

A heat wave in the Philippines forced power plants to shut down on April 16, placing the country at risk of blackouts and prompting the government to call on people to reduce consumption.

Extreme heat shuts Philippine power plants and risks blackouts

The suspect who opened fire at the Kuala Lumpur International Airport (KLIA) Terminal 1 Arrival Hall on early Sunday morning, before being arrested in Kota Bharu on Monday, is believed to be trying to escape to a neighbouring country.

KLIA shooting case suspect attempted to flee country, say police

The Indonesian rupiah tumbled to a four-year low on Tuesday after a weeklong holiday, as persistent strength in the greenback after a hawkish repricing of Federal Reserve rate cut expectations continued to pressure Asian currencies.

Asia FX, stocks weaken as Fed rate cut bets shift; rupiah hits four-year low

German coal mines spew 184 times more methane than what the country reports to the United Nations, according to a new analysis by Ember.

German coal mines emit much more methane than reported, study says

The Indonesian rupiah on Tuesday tumbled to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene in the market to stem its slide.

Indonesia intervenes to stem rupiah's slide after currency hits four-year low 

The Malaysian Communications and Multimedia Commission (MCMC) has been instructed to track down and take action against the owner of the TikTok account @janggut_putih, who is suspected of uploading content containing defamatory material.

Fahmi directs MCMC to act against TikTok user for uploading slanderous content

Nissan Motor Co will use gigacasting, a manufacturing process pioneered by Tesla Inc, to make part of its electric vehicles (EVs) as the automaker joins global rivals in pursuing the innovation to cut costs.

Nissan looking at building cheaper EVs like Tesla

China's central city of Zhengzhou has asked residents to sell their second-hand homes to a local state-owned company and buy new ones instead, in a bid to reduce new-home inventories and boost the local property sector.

Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories

<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


MyEG, HeiTech Padu form partnership to collaborate on IT projects

<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

<p>Asian stocks sank and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</p>


Asian shares slide on US rate cut rethink, Middle East worries

<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

<p>Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


What observers are saying as Singapore’s Lee paves way for next PM Wong

<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


Carlo Rino files draft prospectus for listing transfer to ACE Market

<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


Bursa ends morning session lower along with regional peers

<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

<p>In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.</p>


KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

<p>Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).</p>


Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


Muhyiddin seeks five-judge bench to hear criminal charges review

<p>The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.</p>


MOT unaware of potential MMC Port stake sale to foreign investors, says Loke

<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


Notion VTec aiming to extend upside movement — RHB Retail Research 

<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and may be set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>


EP Manufacturing shares chart best day in 10 months after assembly deal

<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>
