KUALA LUMPUR (Feb 26): The main index of Bursa Malaysia remained muted in the mid-morning, while market breadth turned negative in line with lower regional markets.
At 10am, the FBM KLCI was up 0.30 points at 1,581.84. The index earlier slipped to a low of 1,578.92.
Market breadth was negative with 711 losers and 271 gainers, while 349 counters traded unchanged. Trading volume was 2.66 billion shares valued at RM1.43 billion.
The gainers included D&O Green Technologies Bhd, Hong Leong Financial Group Bhd (HLFG), UEM Edgenta Bhd, Press Metal Aluminium Holdings Bhd, Industronics Bhd and MSM Malaysia Holdings Bhd.
The actively traded stocks included XOX Bhd, Puncak Niaga Holdings Bhd, ManagePay Systems Bhd, Industonics, Lion Industries Corp Bhd and MSM Malaysia.
KUALA LUMPUR (Feb 26): The main index at Bursa Malaysia pared some of its loss at the midday break Friday, against the backdrop of skidding regional markets, while technology-related stocks on Bursa Malaysia came under selling pressure.
The fate of technology stocks mirrored the overnight performance at Wall Street where tech darlings all suffered, with Apple Inc, Tesla Inc, Amazon.com Inc, NVIDIA Corp and Microsoft Corp the biggest drags.
At 12.30pm, the FBM KLCI was down 3.78 points to 1,577.76. The index had earlier slipped to a low of 1,577.53.
Market breadth was negative with 617 losers and 202 gainers, while 716 counters traded unchanged. Trading volume was 6.04 billion shares valued at RM3.29 billion.
KUALA LUMPUR (Feb 25): UEM Edgenta Bhd’s net profit for the financial year ended Dec 31, 2020 (FY20) dropped to RM13.46 million, compared with RM181.78 million registered in the preceding year.
Revenue slipped to RM2.04 billion from RM2.41 billion previously, the asset management and infrastructure solutions company said in a filing with Bursa Malaysia today.
Excluding the one-off RM50 million impairment undertaken in the first half of FY20 as part of the efforts to restructure and rationalise non-core businesses compounded by the challenging global economy it registered normalised net profit of RM64.9 million.
It said the company’s balance sheet also remained healthy with a low gross gearing ratio of 0.32 times, strong net cash position and a bank balance of RM206.1 million.