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PETALING JAYA: The construction sector may be facing a lull but that does not seem to be putting a damper on the prospects of Powerwell Holdings Bhd, an electricity distribution product manufacturer.
KUALA LUMPUR: Bursa Malaysia sought to retake the losses it recorded at the end of Friday trading as investor sentiment swung higher on stimulus measures announced by the Bank of Japan.
KUALA LUMPUR: The FBM KLCI was mildly weaker at midday amid broadly negative performances on the index.
KUALA LUMPUR: There was some bargain-hunting in bank stocks following the previous week's sell-off although the FBM KLCI remained in negative territory for most of the morning session.
KUALA LUMPUR: The rally in glove makers hit a speed bump on Thursday as investors decided to take some money off the table ahead of the Lunar New Year and concerns about the new coronavirus outbreak in Wuhan, China.
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: 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.
KUALA LUMPUR: The initial public offering (IPO) of Powerwell Holdings Bhd has been oversubscribed by 24.27 times, with a total of 7,219 applications for 601.38 million shares with a value of RM150.34mil received from the Malaysian public for 23.8 million issue shares.KUALA LUMPUR: The initial public offering (IPO) of Powerwell Holdings Bhd has been oversubscribed by 24.27 times, with a total of 7,219 applications for 601.38 million shares with a value of RM150.34mil received from the Malaysian public for 23.8 million issue shares.
KUALA LUMPUR: Powerwell Holdings Bhd plans to raise RM21.8mil from its proposed listing on the Ace Market by issuing 87.4 million new shares at 25 sen.