Lafarge Malaysia, which saw its shares surge by as much as 30% yesterday to hit limit up, said it has no idea what might have caused the sudden jump in its share price.
Pelangi and Sasbadi separately announced that they have bagged textbook contracts from the Ministry of Education (MoE).
KNM has secured a US$4.87mil (RM19.9mil) contract for the supply of carbon steel pressure vessels for the Bapco Modernization Programme in Bahrain.
Maxis has in collaboration with Huawei kicked off the first 5G live trials in Malaysia, specifically in Cyberjaya earlier this week.
Overnight, US market tumbled after the European Central Bank lowered its growth forecast.
The Dow Jones Industrial Average closed 200.23 points lower at 25,473.23 while the S&P 500 fell 0.8% to 2,748.93.
Earlier, European stocks declined following concerns over GDP growth.
“Following the bearish performance in the US and Europe, the FBM KLCI could trend lower towards its support of 1,680 points,” JF Apex said.
The research house said technical indicators for the FBM KLCI were negative with the RSI declining below the overbought zone while the MACD crossed below its signal line.
“Last month, the index climbed above the 100-day moving average but failed to breach the 200-day moving average.
“The recent gap-down tested the 50-day moving average and further decline could be seen if the support at 1,680 points fails to hold,” JF Apex said.
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