KUALA LUMPUR: Corporate news flow suggests increased trading activity in IHH, Citaglobal, Key Asic and UMediC, said Apex Research.
IHH Healthcare Bhd said its proposed sale of the International Medical University for RM1.35 billion has been approved by the Higher Education Ministry.
Citaglobal Bhd bagged a RM200 million contract for the development of a jetty project in Perlis.
Key Asic Bhd clinched four turnkey application-specific integrated circuit design service contracts worth RM16 million.
UMediC Group Bhd's 2QFY23 net profit rose 45.38% to RM2.91 million.
Meanwhile, Apex said the FBM KLCI could continue to hover above the support of 1,450 points following the sideways movement on Wall Street.
The US market was flat overnight as investors await the Federal Reserve chairman’s comments in congress.
Similarly, European stocks were little changed after China’s GDP target of 5% fell short of economists’ expectations.