REXIT Bhd was among the top volume gainers with its share gaining 5 sen, or 10.42%, to close at 53 sen with 7.5 million shares traded after its subsidiary, Rexit Software Sdn Bhd, signed a RM3mil service agreement with Allianz General Insurance yesterday, dealers said. Under the agreement, Rexit would supply its proprietary Integrated Insurance Management System to Allianz. “Investors are maintaining expectation of the company's growth potential,” said a dealer at a local brokerage. 

 REXIT :  [Stock Watch]  [News

INIX Technologies Holdings Bhd fell 1½ sen, or 2.24%, to close at 65 sen yesterday. However, dealers did not see this as a negative impact on prices, as the company is one of Malaysia's major players in the intelligent home systems market. “The counter share price fall was mainly due to profit-taking activity after recent gains,” said a dealer. 

 INIX :  [Stock Watch]  [News

MAA Holdings Bhd share price closed down 12 sen, or 3.14%, to RM3.70 yesterday after its latest financial results fell short of investors’ expectations, dealers said. The company recorded a net loss of RM2.03mil, or 1.33 sen a share, for its third quarter ended Sept 30. “Investors were still selling due to the weaker-than-expected results,” said a dealer. 

 MAA :  [Stock Watch]  [News

For latest MSEB indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

ECB policymakers back another jumbo hike as inflation rises further
Porsche debuts with US$72bil price tag in bumper IPO
CIMB Group on track to fully implement enhanced security measures against scams
Scientex hits record revenue of RM1.11bil in 4Q
China lacks the right workers to boost Xi’s favoured tech jobs
Malaysia's PPI eases further to 6.8% in August
Gains on Bursa capped by profit-taking
RHB establishes committee to drive sustainability agenda
Hong Leong Bank's digital transformation to build world-class digital capabilities
Amanat Lebuhraya Rakyat successfully prices RM5.5bil AAA-rated Sustainability Sukuk Murabahah

Others Also Read