KUALA LUMPUR: Dagang Nexchange
(DNeX), Yinson and Tenaga Nasional are among the stocks to watch on Friday after their corporate news, says JF Apex Research.
It said DNeX has secured a project worth RM50mil to RM75mil to supply up to 100 portable container systems (PCS) for petroleum products.
As for Yinson, it is expecting two substantial one-off gains totalling up to US$337mil (RM1.45bil) from an equity sale and an early contract termination. The oil and gas player is considering a dividend policy to reward its shareholders.
Tenaga Nasional plans to raise RM5billion via a Sukuk with a tenure of up to 50 years, to finance its capital expenditure, investment and related corporate purposes that are compliant with Shariah principles.
Overnight on Wall Street, US market closed lower, dragged by tech and energy counters as oil prices pared gains, the European Central Bank's hawkish minutes of meeting and below-than-expected employment data.
Earlier, European stocks also dropped despite higher oil prices after US President Donald Trump commented about Russia and North Korea.
At Bursa, the FBM KLCI gained 2.37 points to close at 1,770.53.
“Following the bearish performance in the US and Europe, the KLCI could be negative today with support at 1,755,” it said.
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