KUALA LUMPUR (July 5): Bursa Malaysia opened marginally higher as market sentiment may be improving as five states in the country are moving into Phase 2 of the National Recovery Plan (NRP).
At 9.05am, the benchmark FBM KLCI had risen 0.24 of a point to 1,533.59 from last Friday’s close at 1,533.35.
The market bellwether opened 0.69 of a point higher at 1,534.04.
On the broader market, gainers led losers 192 to 169, while 299 counters were unchanged, 1,513 untraded and nine others suspended.
Turnover stood at 286.43 million units valued at RM124.17 billion.
On Saturday, the National Security Council announced that Kelantan, Pahang, Perak, Terengganu and Perlis had fulfilled the three indicators of the NRP and will move into Phase 2 today.
As predicted by analysts, Mr DIY Group (M) Bhd will be included in the benchmark FBM KLCI index while Supermax Corp Bhd has been excluded following the semi-annual review of the index constituents.
THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.
With numerous firms seeing a decline in earnings, and many falling into the red, one wonders how much Malaysia’s top brass were paid in 2020 versus the year before.
According to data compiled by The Edge, among the top 50 companies by market capitalisation, the heads of 15 firms took a pay cut, 13 saw a bump in their paycheques and only two those of Supermax Corp Bhd and Time dotcom Bhd had no change in pay.
KUALA LUMPUR (May 27): Press Metal Aluminium Holdings Bhd’s net profit doubled to a record high of RM205.72 million or 2.55 sen per share in the first quarter ended March 31, 2021 (1QFY21) from RM102.57 million or 1.27 sen per share a year ago, driven by higher aluminium demand and prices. Quarterly revenue expanded 14.8% to RM2.1 billion from RM1.83 billion a year before, the group’s filing with Bursa Malaysia showed. “The performance in this.
Bursa bounces from three-month low after Malaysia resists full lockdown Azanis Shahila Aman
KUALA LUMPUR: Malaysia s stock exchange yesterday climbed from a three-month low and a 30-point loss since early this month after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.65 points or 0.62 per cent to end at 1,571.82 today from 1,562.17 at last Friday s close.
At 9.06am, FBM KLCI was up 3.34 points, or 0.21 per cent, and continued climbing until mid-morning, gaining 12.89 points or 0.83 per cent higher to 1,575.06.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said a full lockdown would affect the nation s growth trajectory.