Malaysian Stocks Maintain Upward Momentum; Telegram, WeChat Start Licensing Process to Operate in Malaysia

MT Newswires Live

2024-12-26

The Malaysian stock market continued its upward momentum on Thursday, with the benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gaining 10.71 points to end 0.67% higher at 1,613.70.

The day range was between 1,602.79 and 1,615.28.

Gold prices rose in Malaysia on Thursday, standing at 377.66 ringgits per gram, up from 376.07 ringgits per gram on Wednesday, according to data compiled by FXStreet.

Malaysia further relaxed conditions and scale for solar energy installation as it disclosed plans to remove the capacity limit for non-residential users and expand installation sites beyond rooftops

In other news, Telegram and Tencent's WeChat have started the process of obtaining the necessary license to operate their platforms in Malaysia, Bloomberg reported Thursday, citing the Malaysian Communications and Multimedia Commission.

In company news, IHH Healthcare (SGX:Q0F, KLSE:IHH) issued 84,000 shares under its enterprise option schemes. The company's Malaysia-listed shares rose nearly 2% at market close.

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