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FBM KLCI closes higher as ringgit weakens

Market analysts noted that the upward trend in the FBM KLCI was driven by renewed investor confidence, particularly as several major corporations reported better-than-expected earnings for the quarter. The financial sector, in particular, saw significant buying interest, with several banks posting strong results that encouraged further investments.

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Cropmate secures approval for ACE market listing

According to Cropmate's draft prospectus, the initial public offering (IPO) will consist of the public issuance of 210 million new ordinary shares, alongside an offer for sale of 50 million shares. This significant move is expected to bolster the company's capital base and broaden its market reach.