KUALA LUMPUR (Dec 31): Bursa Malaysia Securities has maintained the upper limit for the Toyo Ventures Holdings Bhd’s shares and its warrants (Toyoven-WB), after they hit limit-up over the two consecutive days.
The regulator said the upper limit price for the shares of Toyo would be maintained at RM1.69, and for the warrants at 79.5 sen.
Shares of Toyo Ventures surged 30% or 39 sen to RM1.69 with some 732,600 shares done, valuing the group at RM180.83 million.
Meanwhile, its warrants soared 60.61% or 30 sen to 79.5 sen. It saw some 4.23 million shares done.
This means the freeze on the upper limit of the prices for the stocks will take effect when the market reopens on Monday (Jan 4, 2021).
KUALA LUMPUR (Dec 31): The benchmark index at Bursa Malaysia fell 17.2 points or 1.05% to 1,627.21 points today, as investors took profit on the last trading day of 2020 prior to the extended New Year weekend.
Losers led gainers by 620 to 474, while 501 counters traded unchanged. Some 5.51 billion shares worth RM3.11 billion were traded today.
The losers list was topped by Fraser & Neave Holdings Bhd, which slid 60 sen or 1.84% to RM32.08, Nestle (M) Bhd, which fell 60 sen or 0.43% to RM138.9, and Kuala Lumpur Kepong Bhd, which dropped 52 sen or 2.15% to RM23.68.
Also on the losers list, at the 11th spot, was Sime Darby Plantation Bhd, which lost 18 sen or 3.48% to settle at RM4.99, following news that the United States has banned imports of palm oil from the group.
The stock with positive momentum was:
JKG Land Bhd – up one sen at 11 sen
The stocks with negative momentum were:
CN Asia Corp Bhd – up 34 sen at RM2.02
Dynaciate Group Bhd – unchanged at 13 sen
Ecobuilt Holdings Bhd – up one sen at 21.5 sen
Ivory Properties Group Bhd – up one sen at 19.5 sen
LBI Capital Bhd – up four sen at 70.5 sen
Mudajaya Group Bhd – up two sen at 32 sen
Parkson Holdings Bhd – up 1.5 sen at 21 sen
SBC Corp Bhd – up five sen to 45 sen
Sealink International Bhd – up 6.5 sen at 23.5 sen
Shin Yang Shipping Corp Bhd – up 3.5 sen at 37 sen
Theta Edge Bhd – up 21 sen to 85.5 sen
KUALA LUMPUR (Dec 30): The FBM KLCI closed up 9.42 points or 0.58% at 1,644.41 today after MSCI s gauge of Asia-Pacific shares climbed to a record high on world economic recovery bets in anticipation of continued global monetary and fiscal policy support. Fund managers’ portfolio window dressing is also seen contributing to Malaysian share gains.
Across Bursa Malaysia at 5pm, 7.82 billion securities were traded for RM3.65 billion. Stocks should return to base building mode to strengthen higher supports pending potential late window-dressing action ahead of the year-end,” TA Securities Holdings Bhd analysts wrote in a note today.
Globally, it was reported that Asian shares hit a record high on Wednesday with investors betting on a strong economic recovery next year, as there is little sign of policymakers winding back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns.
KUALA LUMPUR (Dec 30): Toyo Ventures Holdings Bhd’s share and warrant (Toyoven-WB) prices hit limit up to settle at their highest so far today at Bursa Malaysia’s afternoon break after the company said yesterday it had executed a build, operate and transfer (BOT) contract with the Vietnamese government for the planned development of an approximately US$3.23 billion (about RM13.05 billion) power plant there.
On Bursa at 12.30pm today, Toyo Ventures share price settled 30 sen or 30% higher at RM1.30, while Toyoven-WB had risen 30 sen or 153.85% to 49.5 sen.
At RM1.30, Toyo Ventures had a market capitalisation of about RM139.1 million based on the company’s number of issued shares at 107 million units.