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Public Bank and Hong Leong Bank helped shore up the FBM KLCI in early Wednesday trade but again the broader market was cautious as the MCO 3.0 came into effect throughout the nation.
KUALA LUMPUR: The FBM KLCI ended the day in red on Friday in line with the weak performance of its regional peers.
KUALA LUMPUR: The FBM KLCI retreated into the red after glove stocks erased earlier gains on profit-taking.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd extended its share price rally on Friday following the recent release of its first-quarter earnings, which saw the group return to the black.
KUALA LUMPUR: Stocks that could see investor interest on Friday include Ancom, Nylex, IJM Corp, Lotte Chemical Titan, Bintai Kinden, MMHE, Pavilion, Samchem and AMMB.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) returned to the black, with its highest quarterly net profit of RM440mil for the first quarter ended March 31,2021, supported by substantially stronger product margin spreads seen from a year ago.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd posted its highest-ever quarterly net profit of RM440mil for the first quarter ended March 31, 2021.
PETALING JAYA: After a slowdown in April, Asian polymer prices are expected to peak in the second quarter (Q2), which will determine the outcome and direction of the petrochemical sector.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) is expected to remain focused on expanding its polyethylene capacity and other value-added ethylene-based derivative products this year amid the pandemic.
TA Securities Research expects buying interest in the local market should sustain this week with selective nibbling in undervalued blue chips, gloves and selective oil and gas stocks.