Bursa Malaysia ended the morning trading session on a firmer footing, supported by bargain hunting for selected heavyweights despite the weaker performance of regional peers.
Bursa Malaysia was 0.22% higher on Friday morning (March 25), tracking global equities, as well as following the latest developments in the Russia-Ukraine crisis as investors adopted a wait-and-see approach on possible enforcement blocks of Russian fuel imports.
Several technology stocks emerged as top gainers on the local bourse after the US Nasdaq index inched higher as investors bought the dip in technology stocks, while briefly taking in stride a more aggressive tone by the Federal Reserve to raise the cost of borrowing to tame inflation.
Bursa Malaysia extended Monday's (March 14) profit-taking to open lower, taking in most indices led by technology, while tracking the lower close of the Nasdaq Composite on Wall Street, analysts said.
Here is a brief look at some of the corporate announcements and news flow on Tuesday, which involve TH Heavy Engineering Bhd, Allianz Malaysia Bhd, HLT Global Bhd, Ranhill Utilities Bhd, Samaiden Group Bhd, Advancecon Holdings Bhd, AYER Holdings Bhd, JAKS Resources Bhd and Majuperak Holdings Bhd.