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Shares of Petronas Gas Bhd were the top gainer, surging to a high of RM17.30 in late morning of Thursday, after reporting a strong set of earnings.
KUALA LUMPUR: Stocks and commodities slumped across the globe on fears that Greece would exit the eurozone as investors sold down their shares ahead of a Europe Finance Ministers’ meeting in Brussels yesterday.
Hwang DBS Vickers Research said whilst Wall Street finished broadly flat overnight, its futures market was down on Friday morning.
PETALING JAYA: With Axiata Group Bhd set to release its first quarter results to March 31, 2012 today, analysts are expecting flattish growth due to the depreciation of currencies in the countries that it operates, but supported by a rebound in its operational efficiencies. There are no dividends expected as Axiata usually declares them semi-annually.
Hwang DBS Vickers Research said although Wall Street finished between flat and just marginally lower last Friday, there could be renewed selling pressures on Malaysian equities when trading resumes on Monday.
Key regional markets fell on Tuesday on concerns that Greece may leave the euro union and news that Moody’s Investors Service had cut the credit ratings of 26 Italian banks. .