KUALA LUMPUR: Stocks that could see increased trading interest include PETRONAS Chemicals, Aeon Co
, Scomnet, Taliworks, Star Media, IOI, TMC Life Sciences and Matrix Concepts, said Apex Research.
Petronas Chemicals Group Bhd's (PetChem) 2Q23 net profit plunged 66% to RM628 million.
AEON Co (M) Bhd’s 2Q23 net profit dropped 36.15% to RM30.18 million.
Supercomnet Technologies Bhd’s (Scomnet) 2Q23 net profit declined 22.36% to RM7.3 million.
Taliworks Corp Bhd’s 2Q23 net profit rose 6.82% to RM11.8 million.
Star Media Group Bhd’s 2Q23 net profit more than halved to RM791,000.
IOI Corp Bhd's 4QFY23 net profit dropped 93.13% to RM37.2 million.
TMC Life Sciences Bhd’s 4QFY23 net profit dropped 43.56% to RM13.25 million.
Matrix Concepts Holdings Bhd’s 1QFY24 net profit rose 37.3% to RM64.6 million.
The US. market was mixed overnight with the Dow and S&P being dragged down by banking and retail companies while the Nasdaq eked out a small gain.
Earlier, European markets ended slightly higher following gains in all sectors led by technology. Investors will be monitoring the 10-year US Treasury yield after it hit its highest since 2007 and the US Federal Reserve Chairman’s speech at the Jackson Hole symposium this Friday for hints on interest rate.
On the local market, the FBM KLCI was flat after adding 0.96 points or 0.07% to 1,451.53 points.
"Following the recent lacklustre, the FBM KLCI could remain sideways above its support of 1,437 points," said Apex.
