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Bursa heavyweights higher at mid-afternoon on stellar Q1 earnings | Money


Thursday, 27 May 2021 04:14 PM MYT
An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
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KUALA LUMPUR, May 27 Nearly two-thirds of the index-linked heavyweights were in positive territory at mid-afternoon, thanks to the stellar corporate earnings recorded in the first quarter ended March 31, 2021 (Q1 FY2021) released today.
At 3.06pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed further by 8.57 points, or 0.54 per cent, to 1,586.39 from 1,577.82 at Tuesday’s close.
The index opened 1.54 points higher at 1,579.36. ....

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Malaysia's richest tycoons and the billions in dividends they earned in 4Q2020


EIGHT of Malaysia’s top 10 richest tycoons based on Forbes’ 2020 billionaires list earned a whopping RM1.99 billion worth of dividends from the recently announced financial results for the quarter ended Dec 31, 2020, according to their known shareholdings in Bursa Malaysia-listed firms.
Among them, Public Bank Bhd founder Tan Sri Dr Teh Hong Piow is expected to receive the biggest dividend payout totalling RM668.18 million from his shareholdings in the bank and insurer LPI Capi­tal Bhd.
Public Bank, the third-largest banking group in the country by asset size, declared an interim dividend of 13 sen (payable on March 22) for the fourth quarter of financial year 2020 (4QFY2020) ended Dec 31, 2020. Public Bank also undertook a four-for-one bonus share issue to reward shareholders last year, which enlarged the number of Public Bank’s outstanding shares to 4.2 billion. ....

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KLCI closes slightly higher on buying ahead of stimulus package announcement


KUALA LUMPUR (March 17): The FBM KLCI erased losses to close marginally higher today on last-minute buying interest ahead of the government’s announcement of a new stimulus package.
The benchmark index closed 1.01 points or 0.06% higher at 1,624.97 after having stayed in negative territory for the most part of the trading session. 
A remisier, Jeffry Azizi Jaafar, said the drop in the index earlier was due to a correction in prices following the rally in the past three weeks.
“The market saw financial, plantation and technology [stocks] fall due to a consolidation after recent strong gains on market recovery optimism, driven by the ongoing vaccination programme and a decline in daily [new] Covid-19 infections,” he told ....

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