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PETALING JAYA: Electricity distribution product manufacturer Powerwell Holdings Bhd ended its debut day on the Ace Market with a 14% increase to 28.5 sen, from its initial public offering (IPO) price of 25 sen per share.
KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a firmer footing as investors picked up healthcare stocks and glove makers following the outbreak of the new strain of coronavirus from China.
PETALING JAYA: Heng Huat Resources Group Bhd executive chairman Ooi Chieng Sim has been remanded by the police to assist with investigations pertaining to developments surrounding ATTA Global Group Bhd, in which Ooi is also the executive chairman.
PETALING JAYA: Visdynamics Holdings Bhd, which has been issued an unusual market activity (UMA) query from Bursa Malaysia, said that it is not aware of any corporate development that could have contributed to the sharp rise in its share price.
PETALING JAYA: The founders and major shareholders of two separate mid-size property firms, Amverton Bhd and Chin Hin Group Property Bhd are raising their stakes, a signal that they believed that their companies are undervalued.
KUALA LUMPUR: Bursa Malaysia will engage the industry again on the proposed quarterly reporting (QR) framework for Malaysian listed issuers via a public consultation.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Sunzen Biotech Bhd and two of its executive directors for breaching ACE Market listing requirements.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Sunzen Biotech Bhd and two of its executive directors for breaching ACE Market Listing Requirements.