Epicon Bhd (formerly Konsortium Transnasional Bhd) has regularised its financial condition and no longer triggers any of the criteria under Paragraph 2.1 of practice note 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia.
While retail investors are active on major exchanges, their participation has eased on Bursa Malaysia despite the market benchmark posting 8.34% gains year-to-date (y-t-d) and being within an earshot of the 1,600-point level.
The rise in the price of gold to new highs has induced similar movements in the share prices of a number of gold-related counters on Bursa Malaysia, although analysts believe a correction may be due.
More Malaysian fund managers are investing outside of the country in search of stronger returns, to the tune of RM329bil or one-third of the total assets under management (AUM) in 2023.
Technology stocks have been in the doldrums for the past 18 months due to weakening global tech demand and inflationary pressures that triggered an inventory glut across the industry.