KUALA LUMPUR (Dec 24): Share prices of Bursa Malaysia-listed steel-related companies including Hiap Teck Venture Bhd and Malaysia Steel Works (KL) Bhd (Masteel) rose in morning trade today among most active stocks on news Malaysia had imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years.
At 9.53am, Hiap Teck had risen 1.5 sen or 3.23% to 48 sen, while Masteel added 4.5 sen or 8.85% to 56.5 sen.
Hiap Teck registered a trading volume of some 48 million shares, while Masteel saw about 45 million shares changing hands.
Yesterday, news reports, quoting Malaysia’s Ministry of International Trade and Industry (MITI), reported that the duties on flat-rolled products of non-alloy steel plated or coated with aluminium and zinc came after an anti-dumping investigation was carried out on behalf of the domestic industry.
KLCI extends losses after opening higher
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KLCI continues downtrend at midday
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.