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KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market. At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43. Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd.
It may be a quiet week after the Chinese New Year holidays in terms of economic data, but there will be more excitement in the courts and on the corporate front. On Thursday (Feb 18), the Kuala Lumpur High Court will deliver its decision on whether to call Datin Seri Rosmah Mansor, the wife of former prime minister Datuk Seri Najib Razak, to enter her defence in relation to three counts of graft related to a solar hybrid project involving 369 schools in Sarawak or to acquit her of all charges. The date was fixed after Justice Mohamad Zaini Mazlan heard submissions from the prosecution and defence last week. Senior deputy public prosecutor Datuk Seri Gopal Sri Ram is leading the prosecution team.
At 12.30pm, the FBM KLCI was down 3.67 points to 1,581.23. Losers edged gainers by 369 to 364, while 687 counters traded unchanged. Trading volume was 3.39 billion shares valued at RM1.98 billion. The top losers included Nestle (Malaysia) Bhd, Computer Forms (Malaysia) Bhd, Kuala Lumpur Kepong Bhd, Heineken Malaysia Bhd, KESM Industries Bhd, Fraser & Neave Holdings Bhd, Khind Holdings Bhd and Hong Leong Financial Group Bhd. Index-linked glove makers Top Glove Corp Bhd, Supermax Corp Bhd and Hartalega Holdings Bhd also retreated. The actively traded stocks included i-Stone Group Bhd, Luster Industries Bhd, Trive Property Group Bhd, QES Group Bhd, Iris Corp Bhd, Metronic Global Bhd and Aemulus Holdings Bhd.
KUALA LUMPUR (Feb 5): The main index of Bursa Malaysia reversed its earlier gains and dipped in the mid-morning as glove makers and plantation stocks dragged against a backdrop of mixed regional markets. At 10am, the FBM KLCI had fallen 2.82 points to 1,582.08. The index earlier rose to a high of 1,590.47. Gainers edged losers by 399 to 361, while 415 counters traded unchanged. Trading volume was 1.56 billion shares valued at RM850.08 million. The decliners included Nestle (Malaysia) Bhd, Kuala Lumpur Kepong Bhd (KLK), Supermax Corp Bhd, Unisem (M) Bhd, Top Glove Corp Bhd, PPB Group Bhd, United Plantations Bhd and Batu Kawan Bhd. The actively traded stocks included i-Stone Group Bhd, Trive Property Group Bhd, Luster Industries Bhd, QES Group Bhd, Iris Corp Bhd and Fintec Global Bhd.
KUALA LUMPUR (Jan 19): i-Stone Group Bhd’s subsidiaries PA Metal Technics Sdn Bhd (PAMT) and i-Stone Engineering Sdn Bhd (IEN) have been given the green light from the Ministry of Health (MoH) to resume operations after the balance of its employees tested negative for Covid-19. In a bourse filing today, the automation machine manufacturing group said the rest of its employees working at IEN and PAMT in Johor Bahru were screened for the virus. i-Stone said IEN and PAMT will resume operations as usual while complying to the relevant standard operating procedures set by the government. “We will continue to cooperate and work closely with MoH and the relevant authorities to ensure the safety and well being of all our employees towards flattening the curve and containing the situation,” it said.
KUALA LUMPUR (Jan 19): The main index of Bursa Malaysia made less-than-convincing gains in the mid-morning today as the government’s RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package did not seem to boost sentiment, which appeared to be more influenced by the coronavirus pandemic. At 10am, the FBM KLCI had gained 4.92 points to 1,614.44. Losers led gainers by 416 to 404, while 420 counters traded unchanged. Trading volume was 1.75 billion shares valued at RM1.03 billion. The gainers included Milux Corp Bhd, Toyo Ventures Holdings Bhd, PMB Technology Bhd, Cymao Holdings Bhd, Far East Corp Bhd and Khind Holdings Bhd. The actively traded stocks included Vsolar Group Bhd, ARB Bhd, KTG Bhd, PNE PCB Bhd, JAKS Resources Bhd, i-Stone Group Bhd, Samaiden Group Bhd and Dagang NeXchange Bhd (DNeX).
13 Jan 2021 / 07:51 H. KUALA LUMPUR, Jan 12: Eleven employees of i-Stone Group Bhd’s subsidiary companies have tested positive for COVID-19. In a filing with Bursa Malaysia today, i-Stone said four local engineers from i-Stone Systems Sdn Bhd, four foreign employees from i-Stone Engineering Sdn Bhd (IEN), and three foreign employees from P.A. Metal Technics Sdn Bhd (PAMT) are receiving treatment at a hospital and placed under quarantine. “IEN and PAMT have imposed a halt in production activities as precautionary and preventive measures,” it said, adding that close contacts of the positive cases have been identified for swab tests. The company, which is focused on the manufacturing automation business segment, said the management has immediately carried out disinfection and sanitisation works at all facilities to protect the health and safety of the workforce and its community.
KUALA LUMPUR (Jan 12): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 13) include QL Resources Bhd, Boilermech Holdings Bhd, FGV Holdings Bhd, Pharmaniaga Bhd, I-Stone Group Bhd, Spring Art Holdings Bhd, Ho Wah Genting Bhd, Handal Energy Bhd, ATTA Global Group Bhd, MTD ACPI Engineering Bhd, Mulpha International Bhd, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, and Gas Malaysia Bhd. QL Resources Bhd's takeover offer for shares it does not own in Boilermech Holdings Bhd has been extended to Jan 29. The initial deadline for the conditional mandatory general takeover offer at 95 sen per share was Jan 14. QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.