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Nation

Gobind Singh wants report on contract given to company headed by Mahathir's son

KUALA LUMPUR (Bernama): Communications and Multimedia Minister Gobind Singh Deo said today he has asked Telekom Malaysia to submit a report on the awarding of a contract to a company of which Tan Sri Mokhzani Tun Mahathir is the chairman.

Business

Tenaga weighs on KLCI as funds take profit

KUALA LUMPUR: Profit taking on Tenaga Nasional pushed the FBM KLCI into the red early Wednesday, reversing the previous day’s gains but the broader market was firmer in line with key Asian boourses.

Business

Opcom unit gets RM11.16mil job

PETALING JAYA: Opcom Holdings Bhd’s subsidiary, Opcom Cables Sdn Bhd, has accepted a RM11.16mil letter of award for a “Rakan Unifi” contract from Telekom Malaysia Bhd.

Corporate News

Opcom bags RM11.16mil Unifi contract

PETALING JAYA: Opcom Holdings Bhd (Opcom) said a subsidiary Opcom Cables Sdn Bhd was awarded RM11.16mil contract from Telekom Malaysia Bhd for high speed broadband internet services work.

Markets

Blue chips kick off June on steady note, Public Bank and MISC lift

KUALA LUMPUR: After a volatile month of May which saw foreign funds hammer down the stock market, blue chips eked out some gains early Friday with Public Bank and MISC lifting the FBM KLCI.

Business

Local funds shore up volatile market

REVIEW: Bursa Malaysia in the post-election week reflected investor sentiment over the polling results with a show of confidence by local institutions keeping the market in good stead.

Business

Stocks on a high

Politically-connected stocks dominate the share market this week

Markets

KLCI firmer early Tuesday but GKent, MyEG battered

KUALA LUMPUR: Blue chips extended their gains early Tuesday after the rollercoaster ride the previous day with local funds and retailers showing their confidence in the new Pakatan Harapan government.

Business

Day of volatile trading on Bursa Malaysia

PETALING JAYA: Several politically-linked stocks on Bursa Malaysia went on a wild ride yesterday, driven by the market volatility in the first day of trading post-14th general election (GE14).

Markets

Local bourse broadly higher at midday

KUALA LUMPUR: The local market recovered from a sharp selldown in early morning trade, which saw the FBM KLCI plummet as much as 49 points before initiating a rebound.