Malaysia News Highlights : 11th Sept 2015

• Malaysian share prices defended its 1,600-point despite being weighed by losses including at index-linked banking stocks.
  The FTSE Bursa Malaysia Kuala Lumpur Composite was down 6.38 points to 1,607.64.
   
• MIDF Research expects the ringgit to strengthen to between 4.00 and 4.20 against the US dollar within the next few months and in turn positively impact the local stock market.
   
• Foreign funds and retail investors were net sellers on Bursa Malaysia on Thursday, according to BIMB Securities Research.
   
• IOI Corporation Bhd is buying the entire oleochemicals business of Germany's Cremer Oleo GmbH & Co KG for 89.4 million euros, or about RM433 million.
   
• KNM Group Bhd's indirect 70%-owned joint venture company CNI Engineering & Construction Malaysia Sdn Bhd has been awarded a US$42 million (RM183 million) erection work contract by Toyo Thai Malaysia Sdn Bhd.