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KLCI pares loss, stays below 1,600 on cautious regional sentiment

KUALA LUMPUR (Feb 17): The main index of Bursa Malaysia pared some of its loss before the midday break today, but remained below the 1,600-point level in line with cautious regional markets. At 12.30pm, the FBM KLCI was down 8.10 points at 1,598.04. The index earlier dropped to a low of 1,596.45. Broader market sentiment remained cautious with 416 losers and 367 gainers, while 712 counters traded unchanged. Trading volume was 5.99 billion shares valued at RM2.79 billion. The top losers included Malaysian Pacific Industries Bhd, Pentamaster Corp Bhd, AEON Credit Service (M) Bhd, Kuala Lumpur Kepong Bhd (KLK), Mega First Corp Bhd, Telekom Malaysia Bhd (TM), Inari Amertron Bhd, Unisem (M) Bhd and Axiata Group Bhd.

KLCI holds position above 1,600 level as regional markets stay firm, but upside seen capped

KUALA LUMPUR (Feb 16): The main index of Bursa Malaysia held its position above the 1,600-point threshold against a backdrop of strong regional markets. At 12.30pm, the FBM KLCI had added 3.11 points to 1,611.18. The index earlier rose to a high of 1,613.01. Gainers led losers by 532 to 278, while 708 counters traded unchanged. Trading volume was a brisk 8.28 billion shares valued at RM3.07 billion. The gainers included Genetec Technology Bhd, Heineken Malaysia Bhd, BLD Plantation Bhd, Widetech (Malaysia) Bhd, Petronas Chemicals Group Bhd (PetChem), Malaysia Smelting Corp Bhd, Dataprep Holdings Bhd and Ark Resources Holdings Bhd. The actively traded stocks included DGB Asia Bhd, ARB Bhd, Dataprep, Dagang NeXchange Bhd (DNeX), Lambo Group Bhd, Key Alliance Group Bhd and Pegasus Heights Bhd.

KLCI clings on to 1,600 threshold as regional markets stay firm

KUALA LUMPUR (Feb 15): The main index at Bursa Malaysia held on to the 1,600 threshold at the midday break Monday despite paring some of its gains, against the backdrop of firm regional markets. At 12.30pm, the FBM KLCI was up 9.89 points to 1,609.31. The index had earlier risen to a high of 1,614.92. Market breadth was positive with 538 gainers and 234 losers, while 727 counters traded unchanged. Trading volume was 5.56 billion shares valued at RM2.56 billion. The top gainers included Nestle (M) Bhd, Dutch Lady Milk Industries Bhd, Genetec Technology Bhd, ViTrox Corp Bhd, UWC Bhd, PMB Technology Bhd, Grand Hoover Bhd, Malaysian Pacific Industries and Central Global Bhd.

Widad Business Group plans RM40 billion GDV project in Langkawi – Widad@Langkasuka

Widad Business Group plans RM40 billion GDV project in Langkawi – Widad@Langkasuka 20 Jan 2021 / 22:56 H. Widad Business Group is a majority stakeholder of Bursa-listed Widad Group Bhd and Dataprep Holdings Bhd. PETALING JAYA: Widad Business Group Sdn Bhd (WBG) is planning to build a mixed development named Widad@Langkasuka in Pulau Langkawi, Kedah, with an estimated gross development value of RM40 billion. Expected to be completed within 15 to 20 years, the announcement of the project commencement was made in Kedah by Mentri Besar Muhammad Sanusi Md Nor. WBG, a wholly bumiputra private company owned by Kedah-born Tan Sri Muhammad Ikmal Opat Abdullah, is a majority stakeholder of Bursa-listed Widad Group Bhd and Dataprep Holdings Bhd.

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