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KUALA LUMPUR: The funds that won big from Asia’s worst-performing major equity market placed their bets on technology stocks.
KUALA LUMPUR: Bursa Malaysia eked out slight gains early Monday to put the new month of December on a slow mode after last Friday’s battering by foreign funds, especially for power giant Tenaga Nasional.
One of Bursa Malaysia’s best performers Pentamaster Corp Bhd, saw its sparkle dim slightly when the Securities Commission (SC) classified it as a non-compliant syariah stock on Thursday.
KUALA LUMPUR: Bursa Malaysia wrapped up the last trading day of November on a disappointing note on Friday as Tenaga Nasional slumped on a whopping tax bill of RM3.98bil.
KUALA LUMPUR: The domestic market was dragged lower on Friday by a combination of fears over the latest clash between Washington and Beijing and a sell-off in Tenaga Nasional shares.
KUALA LUMPUR: Shares of Pentamaster Corp Bhd tumbled 20.2% to a low of RM3.74 in active trade on Friday and Bursa Malaysia suspended the short-selling activities.
KUALA LUMPUR: Blue chips inched up early Friday – the last trading day of November – underpinned by gains in plantations, Public Bank, Digi and Genting Malaysia.
KUALA LUMPUR: Blue chips extended their losses on Thursday, weighed by losses in IHH Healthcare, Tenaga Nasional and Axiata while key Asian markets did not offer much optimism following the uncertain US-China trade talks.
KUALA LUMPUR: PPB Group and KL Kepong led the FBM KLCI lower in early Monday trade in the absence of fresh catalysts from the plantation sector but key Asian markets crept higher.
KUALA LUMPUR: Stocks to watch on Friday include Spring Art Holdings Bhd, GDB Holdings Bhd, Pentamaster Corp Bhd, VSTECS Bhd, SYF Resources Bhd and EcoFirst Consolidated Bhd, according to JF Apex Research.