KUALA LUMPUR: Stocks that are making headlines include Iris, Sime Darby, Berjaya Food
, KLCCP Stapled Group and Sunway, said Apex Research.
Iris Corp Bhd said the Ministry of Home Affairs had cancelled its contract for the National Integrated Immigration System (NIISe), with immediate effect.
Sime Darby Bhd will acquire Australia’s Cavpower Group for RM1.49 billion cash.
Berjaya Food Bhd’s (BFood) 4QFY23 net profit fell 57.5% to RM17.28 million.
KLCCP Stapled Group Bhd’s 2Q23 net profit rose 9.46% to RM180.8 million.
Sunway Bhd is taking over its partner's 40% stake in their joint venture (JV) company that is developing Sunway City Iskandar Puteri on a plot of land worth RM412.73 million.
Meanwhile, the US market climbed overnight following a rebound in semiconductor and technology companies. Earlier, European markets ended slightly higher despite weak credit data from China.
On the local market, the FBM KLCI recovered from an intraday loss to end the day flat after shedding 0.16 points or 0.01% to 1,457 points.
"Following the state elections which saw status quo, the FBM KLCI could remain flat below the resistance of 1,465 points," said Apex.
