Copper falls as LME inventories rise and technology shares retreat
On-warrant stocks rose by 70,100 tonnes over two days, while uncertainty over potential US tariffs also weighed on copper.
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On-warrant stocks rose by 70,100 tonnes over two days, while uncertainty over potential US tariffs also weighed on copper.
Markets put the probability of a December US rate increase at 90%, while gold touched its lowest level since Oct 14.
The proposed move to Nov 30, 2026 would be the company’s second financial year-end revision this year.
The power producer also appointed Aznita Abdul Aziz as an independent non-executive director, effective Oct 21.
Kerjaya Prospek holds a 31% stake after investing approximately RM64.31 million between July and August 2026.
Quarterly gross revenue increased 9.1% to RM126.54 million, supported by rental increases and contributions from industrial and logistics acquisitions.
Advancing counters outnumbered losers, while turnover reached RM2.58 billion despite lower trading volume.
The proposed related-party transaction would offset debt owed to Minyi Holdings Ltd, while Mudajaya would retain an indirect 55% interest in Real Jade.
Advancing counters outnumbered decliners 481 to 373, with turnover of 1.57 billion units valued at RM1.04 billion.
Public Investment Bank estimates that buying out CIMB Niaga’s minority shareholders could cost RM800 million, with deliberations still preliminary.