KUALA LUMPUR (July 9): Bursa Malaysia was slightly higher in early morning trade on bargain-hunting activities, which supported the benchmark index to stay above the 1,500-level.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points to 1,513.86 from Thursday’s close of 1,508.71.
The market bellwether opened 0.35 of-a-point easier at 1,508.36.
On the broader market, gainers led losers 197 to 126, while 246 counters were unchanged, 1,634 untraded and 10 others suspended.
Turnover stood at 240.14 million units valued at RM135.80 billion.
Malacca Securities expects the current cautious trading tone to persist due to lack of fresh positive catalysts.
“However, we believe bargain-hunting activities may emerge in the near term due to the significant selldown and oversold tone across the board. Commodity-wise, the oil price has seen a rebound following an improved inventory draw,” it said in a research note today.
KUALA LUMPUR (June 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Thursday, July 1) may include: Serba Dinamik Holdings Bhd, Aeon Credit Service (M) Bhd, Paramount Corp Bhd, Star Media Group Bhd, RCE Capital Bhd, Mah Sing Group Bhd, Ahmad Zaki Resources Bhd (AZRB), Cheetah Holdings Bhd, Nestcon Bhd, AE Multi Holdings Bhd, Green Ocean Corp Bhd, Boustead Heavy Industries Corp Bhd (BHIC), Sarawak Consolidated Industries Bhd (SCIB), MAG Holdings Bhd, Kronologi Asia Bhd and Cypark Resources Bhd.
The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in
Serba Dinamik Holdings Bhd, after selling another 96 million shares or 2.57% in the oil and gas services group in the open market on June 25. In a related development, Serba Dinamik’s largest shareholder and group CEO Datuk Mohd Abdul Karim Abdullah sold 46.3 million shares or 1.2% in the group on June 28, citing force-selling as reason for the disposal. Similarly, co-fou
KUALA LUMPUR (Jan 14): Shares in printed circuit boards manufacturer PNE PCB Bhd fell as much as 17.46% to its intraday low of 52 sen in early trade today, in tandem with the negative performance across glove counters after JP Morgan issued a report saying that demand for gloves will likely continue to ease.
The stock was the most active counter on Bursa Malaysia this morning, with 190.75 million shares traded 41 times higher compared to its 200-day average trading volume of 4.62 million shares.
JP Morgan, which had initiated coverage on the Malaysian rubber glove sector with a sell call last month, told investors that gloves are “not needed” while administering vaccinations.
KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd.
Eco World Development Group Bhd (EcoWorld) said the property developer’s board has decided not to pursue the proposed merger with rival
UEM Sunrise Bhd following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO). EcoWorld said that since the last announcement on Dec 30, 2020 regarding the proposed merger, the parties involved had been engaged in discussions with a view tow
KUALA LUMPUR (Jan 13): AE Multi Holdings Bhd has bagged another project to set up the production facility for PNE PCB Bhd, a new entrant to the rubber glove industry.
The company filed its press statement to Bursa Malaysia announcing that its unit AE Multi Industries Sdn Bhd has received a letter of award from PNE Glove Sdn Bhd a unit of PNE PCB Bhd to design, build and deliver on a turnkey basis a glove-manufacturing factory of up to 59,000 square feet within eight months.
The factory will have the capacity to house up to 10 glove-dipping lines for the sole-purpose of manufacturing medical grade nitrile gloves, said AE Multi.