KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd.
Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends.
Press Metal proposes one-for-one bonus issue
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FBM KLCI rises as recovery play gains momentum
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KUALA LUMPUR (March 5): Bursa Malaysia ended the morning session mixed, with the key index rising 0.24%, lifted by selected heavyweights including banking stocks after Bank Negara Malaysia (BNM) decided to maintain the overnight policy rate (OPR) at 1.75% yesterday.
At 12.30pm, the benchmark FBM KLCI had increased 3.81 points to 1,585.07 from yesterday’s close at 1,581,26.
The index moved between 1,579.74 and 1,587.97 throughout the morning trading session.
Market breadth was negative with losers outpacing gainers 642 to 393, while 416 counters were unchanged, 704 untraded and nine others suspended.
Total volume stood at 4.6 billion units worth RM2.61 billion.
In a note earlier today, Malacca Securities Sdn Bhd said it expects the local bourse to continue to consolidate further as market players are likely to adopt a more cautious tone in the broader market.
KUALA LUMPUR (March 4): The FBM KLCI closed down 7.19 points or 0.45% today tracking the negative performance of Asian equities after an overnight surge in bond yields again dragged shares on Wall Street.
At 5pm, the benchmark index closed at 1,581.26 points. Today, the index had mostly traded in negative territory, ranging between 1,577.39 and 1,590.46 compared with yesterday’s closing of 1,588.45.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com the weakness in the local bourse performance today was in line with regional markets after Wall Street dropped yesterday due to rising Treasury yield.
The rising yield has sparked investors concerns that this may prompt central banks to raise ultra-low interest rates, which is bad for the equity market.