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Bursa Malaysia extended its losses early Tuesday with tech and chip makers following the retreat of the Nasdaq on Wall Street while buying interest was curbed as all of Malaysia will come under the MCO from Wednesday.
PETALING JAYA: Amid the ongoing chip shortage in the global market, Pentamaster Corp Bhd had their earnings forecast reduced for the next few financial years.
Bursa Malaysia closed lower on Monday as the undertone of the stock market remained cautious on continued foreign selling and ahead of the first quarter GDP data on Tuesday.
KUALA LUMPUR: The FBM KLCI entered midday on a flat note due to prevailing caution at the start of the holiday-shortened week and in anticipation of Malaysia's first-quarter GDP result on Tuesday.
KUALA LUMPUR: AmInvestment Bank Research has revised lower its earnings forecasts on Pentamaster Corp Bhd to account for the impact of the global chip shortage and longer project lead times for the group's factory automated solutions segment.
Amcorp Properties, SP Setia, Pharmaniaga, WCT, Genting, Malaysia Smelting Corp, Careplus and Pentamaster are among the stocks which could see trading interest on Monday after their corporate news, JF Apex Research said.
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KUALA LUMPUR: The FBM KLCI gave up all its hard-earned gains to close in the red on Tuesday as banking and gloves counters weighed.