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KUALA LUMPUR: Glove makers weighed on Bursa Malaysia on Thursday as investors took profit after the rebound and piled into semiconductor and tech-related counters.
KUALA LUMPUR: The FBM KLCI pared some of its gains at midday break on Thursday, as some profit-taking emerged on the local bourse.
KUALA LUMPUR: Public Bank and Hong Leong Bank underpinned the FBM KLCI’s early advance as foreign funds continued to be net buyers on Bursa.
KUALA LUMPUR: Shares in Malaysian Pacific Industries Bhd (MPI) rose to its highest in over 20 years while several semiconductor-related companies rose in active trading on Thursday.
KUALA LUMPUR: Bursa Malaysia closed broadly higher on Wednesday with 950 counters in the positive zone. Public Bank was the top gainer while other banks rode on its coattails.
KUALA LUMPUR: Public Bank and Tenaga Nasional underpinned the FBM KLCI’s gains early Wednesday as market sentiment continued be steady amid some mild concerns about the economic impact from the MCO 2.0.
KUALA LUMPUR: Glove makers were back in play on Friday as the record number of Covid-19 cases both in Malaysian and overseas saw investors piling into glove stocks.
KUALA LUMPUR: Glove makers underpinned the FBM KLCI’s advance in early Friday trade as Covid-19 cases continued to surge, prompting stronger demand, while investor sentiment was also shored up by firmer external markets.
KUALA LUMPUR: Stocks to watch on Friday include Tomei Consolidated Bhd, Bintai Kinden Corp Bhd, PNE PCB Bhd, CN Asia Corp Bhd, Time Dotcom Bhd and KESM Industries Bhd, according to JF Apex Research.
KUALA LUMPUR: KESM Industries Bhd is expanding its automotive semiconductor manufacturing capacity, targeting future demand from electric vehicle makers.