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After penny stocks, now small-caps in vogue


KUALA LUMPUR (March 6): As the penny stock fever cools, trading interest appears to have shifted to small- and mid-cap companies, with more share price spikes seen across this segment recently.
One company whose shares were among the most sought after this week was loss-making IT company Dataprep Holdings Bhd.
Over the week, Dataprep shares jumped 92.79% or RM1.03 to emerge as the top gainer in percentage change, being only second behind Malaysia Pacific Industries Bhd (MPI) in terms of weekly change by value.
The counter breached the RM2 mark this week and hit a record high of RM2.27 before settling at RM2.14 on Friday, which gave the group a market capitalisation of RM1.29 billion. ....

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FBM KLCI falls as glove giants decline


KUALA LUMPUR (Feb 23): The FBM KLCI Index continued to end lower today following declines in its glove maker constituents, in contrast with other regional bourses trending higher in anticipation of insights from the US Federal Reserve.
The local benchmark index closed 0.34% or 5.41 points lower today at 1,565.05, following declines in Hartalega Holdings Bhd, Top Glove Corp Bhd and Supermax Corp Bhd.
Hartalega fell by 4.98% or 58 sen to RM11.06, valuing it at RM37.91 billion. Meanwhile, Top Glove was the local bourse’s 19th top value loser, finishing 1.9% or 11 sen lower at RM5.67, yielding a market value of RM46.51 billion.
Supermax ended the trading day 1.45% or eight sen lower at RM5.45, valuing it at RM14.83 billion. ....

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FBM KLCI finishes up amid regional gains, Wall Street rally


KUALA LUMPUR (Feb 9): The FBM KLCI rose today in line with most regional benchmark indices, following the overnight rally on Wall Street that took the US market to a new record high.
The KLCI closed 12.80 points or 0.81% higher at 1,586.13, shored up by counters such as Press Metal Aluminium Holdings Bhd, MISC Bhd and Genting Malaysia Bhd.
JF Apex Securities said in a note to clients that US markets rallied overnight to extend their winning streak and record highs, following a strong earnings season, progress in vaccination and stimulus talks.
“Similarly, European stocks advanced amid corporate earnings and developments in coronavirus vaccination,” the research house noted. ....

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