Markets & Finance news in Malaysia
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Tech shares fall after Anthropic chief urges slower AI development
Anthropic CEO Dario Amodei called on AI companies to slow development, triggering a selloff in tech stocks from Asia to New York. South Korea's KOSPI closed down 3.3 per cent and the Nasdaq fell 0.8 per cent, with chip stocks hit hardest while analysts debated whether the reaction was justified.
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Singapore pump prices rise 8-12 cents, diesel above $4 a litre
Pump prices at Singapore's major retailers rose by eight to 12 cents a litre on Sept 14, ending two months of stability as Middle East fighting hit global energy markets. Diesel went past $4 a litre at Caltex, Shell and Esso, with 95-octane petrol at $3.45 to $3.49. Sinopec and SPC had not followed as of Monday evening.
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United Asiapac lists on ACE Market, first in Sarawak's target
United Asiapac Energy Berhad began trading on Bursa Malaysia's ACE Market, marking Sarawak's first step toward listing three Bumiputera companies by 2030. Sarawak Deputy Premier Awang Tengah Ali Hasan said the listing shows the ability of the state's Bumiputera companies to compete in the capital market.
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Public Bank officers' fund ceases to be substantial shareholder of MKH
Public Bank Group Officers' Retirement Benefits Fund has ceased to be a substantial shareholder of MKH Berhad after disposing of 53,352,059 shares to Whitmore Holdings Sdn Bhd. The disposal followed acceptance of an unconditional mandatory take-over offer by Whitmore Holdings. The notice was dated 14 September 2026.
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PMB Technology shareholder Chan Poh Choo ceases to be substantial holder after 229 million shares transferred off-market
Madam Chan Poh Choo ceased to be a substantial shareholder of PMB Technology Berhad on 14 September 2026 after 229,017,532 ordinary shares were transferred via an off-market deal. The notice was received by the listed issuer the same day.
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AI share slide and oil spike shake global markets
Global stocks fell on Monday as AI-linked shares slid after OpenAI and Anthropic leaders called for a slowdown in development, while oil jumped nearly 3% on fresh strikes on Saudi Arabia and Gulf shipping. Traders now price a near-90% chance of a US rate hike on Wednesday, with Brent up 2.6% at US$107.3 a barrel.
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Kioxia weighs US listing to raise at least $10 billion
Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion by listing American depositary receipts in the US, according to Bloomberg News. The Tokyo-based company has been in talks with lenders including Bank of America, Goldman Sachs and JPMorgan for an offering that may take place next year.
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Kaiko raises $110m in round led by S&P Global
New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, with BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance and Susquehanna also investing. The Paris-founded firm, set up in 2014, will use the money to expand its data business and product range covering more than 150 exchanges and crypto protocols.
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HONOR retains top spot in Malaysia's smartphone market in Q1 2026
HONOR maintained its position as Malaysia's top smartphone brand with a 21 percent market share in the first quarter of 2026, according to Counterpoint Research. The HONOR X series remains the best-selling mid-range phone in the country for four consecutive years, with the latest HONOR X9d offering an 8,300mAh battery and IP69K rating. The HONOR X9e Pro is expected to launch soon.
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Dangote refinery IPO to raise US$1.6b for capacity doubling
Aliko Dangote has launched an initial public offering for his Lagos-based oil refinery, aiming to raise US$1.6 billion to double capacity to 1.4 million barrels per day by 2028. The offering, priced at 525 naira per share, closes on October 13 and is billed as Africa's largest IPO. Dangote also plans a 700,000 bpd refinery at Lamu in Kenya.
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Dollar hits two-week high as oil prices jump on Middle East conflict
The US dollar rose to a two-week high as Middle East conflict pushed oil prices up and investors moved to safe havens. Brent crude rose 3% to US$108 a barrel after Houthi strikes on Saudi Arabia, while markets priced in a roughly 90% chance of a Federal Reserve rate hike on Wednesday.
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Bermaz Auto buys back 192,800 shares at 94 sen each
Bermaz Auto Berhad bought back 192,800 of its own ordinary shares on 14 September 2026 at 94 sen each, paying RM181,232. All the shares are retained as treasury shares, taking its treasury holdings to 42,082,600 units, or 3.59% of issued shares.
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Tabung Haji raises stake in Axis REIT to 6.4% with 400,000-unit buy
Lembaga Tabung Haji acquired 400,000 units of Axis Real Estate Investment Trust on 11 September 2026, lifting its direct holding to 129,584,625 units or 6.4%. The change in substantial shareholder interest was notified to the listed issuer on 14 September 2026.
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FPI director Leong Ngai Seng buys 7.66m shares at RM1.15 each
Formosa Prosonic Industries Berhad (FPI) disclosed that director Leong Ngai Seng acquired 7,663,300 ordinary shares on 11 September 2026 at RM1.15 each through a direct business transaction. The acquisition lifts his direct holding to 8,563,300 shares, or 3.206% of the company. The notice was received by the listed issuer on 14 September 2026.
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Survey: 43% of Malaysians worry about cost of living, Gen X most regret not investing early
A survey of 1,333 users of the Versa app found 43% of Malaysians rank cost of living as their top future worry, ahead of housing affordability, healthcare costs and job security. Gen X and Baby Boomers were most likely to regret not investing earlier (64%), compared with Gen Z (60%) and Millennials (58%). The findings come ahead of the October budget, which is expected to focus on cost-of-living relief and raising household incomes.
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Timberwell proposes 1-for-3 share split and RM50m capital reduction
Timberwell Bhd has proposed a one-for-three share split and a RM50 million capital reduction to tidy up its finances and improve trading liquidity. The split would raise shares in issue to 267.15 million from 89.05 million, with a theoretical adjusted price of 61.5 sen against the Aug 17 close of RM1.85. The capital reduction would wipe out accumulated losses of RM48.97 million, leaving retained earnings of RM1.03 million, and both proposals need shareholder and Bursa Malaysia approval, with completion targeted for the fourth quarter of 2026.
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Oil tops US$100 as Saudi pipeline shut, tech shares fall
Crude prices jumped more than three per cent after Saudi Arabia closed its East-West pipeline following Houthi drone attacks, pushing both main contracts above US$100 a barrel. The surge adds to global inflation pressure before an expected Federal Reserve rate hike this week, while AI leaders' calls for a development slowdown deepened a tech selloff.
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Bursa ends four-day slide, KLCI closes at 1,698.01
Bursa Malaysia's benchmark KLCI rose 11.27 points, or 0.66%, to close at its intraday high of 1,698.01 on Sept 14, ending a four-day losing run as bargain hunting set in. Turnover eased to 3.18 billion units worth RM2.79 billion, with Zetrix AI, Top Glove and JAKS Resources among the most active counters.
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Bursa closes weak as 764 counters fall, Nestle and MPI among top decliners
Bursa Malaysia ended the day with 764 losers against 421 gainers, with Nestle (M) Bhd and Malaysian Pacific Industries Bhd among the biggest decliners after both fell 70 sen. Turnover slipped to RM2.79 billion from RM3.28 billion on Sept 11.
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JPMorgan to launch frontier market local currency bond index by end-September
JPMorgan will launch its GBI-EM Edge frontier market local currency government bond index by the end of September, a source said, tracking about $330 billion of debt across 26 countries. Egypt, Vietnam, Nigeria and Sri Lanka are among the largest weightings, with African countries taking almost 45 per cent of the index.
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Ringgit closing rates against major currencies on Sept 14
Bank Negara Malaysia released the closing foreign exchange rates recorded at 5pm on Sept 14, 2026. The table lists buying and selling rates for the US dollar, Singapore dollar, euro, yen and other major currencies against the ringgit.
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HLIB lifts 2026 Brent forecast to US$90, warns of US$120 on Saudi supply risk
Hong Leong Investment Bank Research raised its 2026 Brent crude assumption to US$90 a barrel from US$80, warning prices could revisit US$120 if Middle East supply disruptions deepen. It said Brent moved back above US$100 on Sept 10 amid tensions at the Strait of Hormuz and Bab-el-Mandeb and attacks on energy infrastructure, with exports through Yanbu at a six-month low.
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KKR exits First Gen with $411m sale of 19.9% stake
KKR has sold its entire 19.9 per cent stake in Philippine power producer First Gen for about 25.77 billion pesos ($410.48 million), ending a six-year investment. The buyer was investment firm Angsana Finance, weeks after First Gen's parent rejected KKR's bid to raise its holding.
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Petaling Jaya workers on RM10 petrol and no savings until payday
Malaysians in Petaling Jaya, Selangor and Kuala Lumpur describe living payday to payday, with some stretching RM10 of petrol or relying on leftover food before their next salary. An environmental consultant, a marketing specialist and a journalist say unexpected bills of RM570 to RM1,000 would push them to credit cards or borrowing, and they want higher pay to keep pace with living costs.