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Tenaga, Genting advance in early trade as KLCI crosses 1,800

KUALA LUMPUR: Some mild fund buying of key stocks Tenaga Nasional, Genting Bhd and MISC enabled the FBM KLCI to cross the critical 1,800 level in early Tuesday trade but analysts expected the market to remain volatile due to weak crude oil prices.


Mokhzani surprised over Opcom’s rally after redesignation as CEO

PETALING JAYA: Tan Sri Mokhzani Mahathir (pic) is puzzled by the hype surrounding his redesignation as the chief executive officer (CEO) of fibre optic cable manufacturer Opcom Holdings Bhd from a non-executive role previously.

Corporate News

Investors upbeat on Opcom as Mokhzani takes on CEO role

KUALA LUMPUR: Fibre-optic cable manufacturer Opcom Holdings Bhd seems poised to tackle both the domestic and international fronts with the latest key appointments.


Tenaga, Genting and Public Bank drag KLCI into the red

KUALA LUMPUR: The FBM KLCI closed down nearly eight points at the close on Monday as selling pressure picked up on large cap counters including Tenaga Nasional, Genting Bhd and Public Bank.


Lack of follow-through buying sees KLCI off morning best (Update)

KUALA LUMPUR: The FBM KLCI was up nearly two points at midday on Monday, underpinned by gains in Petronas-owned stocks but a lack of follow through buying saw the broader market turning mixed.

Analyst Reports

Opcom surges after Mokhzani becomes CEO (Update)

KUALA LUMPUR: Shares of Opcom Holdings Bhd surged to a high of RM1.24 on Monday after the group named Tan Sri Mokhzani Mahathir as its new chief executive officer last Friday.


Petronas stocks, RHB Cap and TM drive KLCI higher

KUALA LUMPUR: Petronas related counters, RHB Capital and Telekom Malaysia were among the major gainers in early Monday trade, sending the FBM KLCI up nearly six points.


KLCI sheds nearly 12pt on banks, Genting losses

KUALA LUMPUR: There was not much respite for the local stock market as fund selling of blue chips including banks and Genting Bhd saw the FBM KLCI close down nearly 12 points on Wednesday as sentiment was dampened by the weak close on Wall Street.


KLCI extends losses, CIMB drags

KUALA LUMPUR: The FBM KLCI extended its losses at midday on Wednesday dragged by heavyweights and CIMB, in line with the unfavourable external and domestic concerns.


KLCI dips in early trade, mundane trading ahead

KUALA LUMPUR: Malaysia’s blue chips were marginally weaker in early Thursday trade with investors reluctant to take fresh positions at the month’s end while Wall Street failed to inspire.