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Bursa Malaysia ends morning session 11.24 points higher

Bursa Malaysia ended the morning session in positive territory as investors revisited the local equity market after full lockdown fears ease. At 12.30pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 11.24 points, or 0.72% to 1,573.41 from 1,562.17 at last Friday's close. ....

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KLCI pares gains as regional markets dip

KUALA LUMPUR (Feb 23): The main index at Bursa Malaysia pared some of its gains at mid-morning today, as regional markets dipped.
At 10.10am, the FBM KLCI was up 4.51 points to 1,574.97. The index had earlier risen to a high of 1,580.68.
Gainers led losers by 455 to 392, while 444 counters traded unchanged. Trading volume was 3.62 billion shares valued at RM1.49 billion.
The top gainer was newly-listed Mobilia Holdings Bhd, Panasonic Manufacturing Malaysia Bhd, Pimpinan Ehsan Bhd, Heineken Malaysia Bhd, Hengyuan Refining Company Bhd, Petronas Gas Bhd, Industronics Bhd, Hap Seng Consolidated Bhd and Padini Holdings Bhd.
The actively traded stocks included AirAsia X Bhd, Mobilia, DGB Asia Bhd, Dynaciate Group Bhd, AirAsia Group Bhd, Velesto Energy Bhd, Key Alliance Group Bhd and Hubline Bhd. ....

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Panasonic 3Q profit rises 16% thanks to higher operating activities

KUALA LUMPUR (Feb 22): Panasonic Manufacturing Malaysia Bhd s net profit rose 15.94% to RM33.4 million in the third quarter ended Dec 31, 2020 (3QFY21), from RM28.81 million a year earlier, supported by higher operating activities. Earnings per share rose to 55 sen from 47 sen.
The increase was recorded despite revenue slipping 2.39% to RM260.95 million, from RM267.34 million previously, due to a temporary closure of the group s factory operations in December 2020.
This resulted in production and sales delays in its home and appliance products as well as fan products, Panasonic said in a filing with Bursa Malaysia.
As a result, the sales of home appliances products were impacted by RM21 million and a further RM16.7 million for the fan products. ....

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KLCI pares gains, but up 1.1% in line with regional advance

The main index of Bursa Malaysia pared some of its gains in the mid-morning today but stayed up 1.14%, tracking regional markets. ....

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