KUALA LUMPUR (April 12): Sealink International Bhd’s auditor Messrs Grant Thornton Malaysia PLT has issued an audit opinion with a material uncertainty related to the company’s ability to continue as a going concern. This is the second time the external auditor raises its doubt on the marine support vessel operator’s future prospects.
Oil and gas (O&G) counters were among the most actively traded stocks across Bursa Malaysia today as crude oil prices breached the US$70 (RM286.82) mark for the first time since December 2019. At the time of writing, the Bursa Malaysia Energy Index, which tracks O&G counters, had pared some gains, but was still up 5.07% at 999.73 points as most counters hovered near their one-year high.
The benchmark index rose to 1,611.81 points at the closing bell.
PetChem was among the top gainers today, rising by 6.78% or 53 sen to RM8.35, with a market value of RM66.8 billion. Meanwhile, shares in GenM closed 4.05% or 12 sen higher at RM3.08, valuing it at RM18.29 billion with Axiata finishing the trading day 4.08% or 14 sen higher at RM3.57, translating into a market valuation of RM32.74 billion.
In a note today, TA Securities Research said the technical trend and momentum indicators for the FBM KLCI have improved significantly following last week’s rebound.
“With economic recovery plays gaining traction on reopening optimism, sectors deemed to benefit most from reopening of the domestic economy such as banking, gaming, property, oil and gas, and transportation should continue to perform well.
KUALA LUMPUR (March 8): Oil and gas (O&G) counters on Bursa Malaysia closed largely in the green today, with several touching their one-year highs earlier, after Brent crude oil prices flirted with the US$70-per-barrel range that was last seen in January 2020.
The Bursa Malaysia Energy Index rose as much as 6.53% in the morning session to its highest since March 2020, and remained in the green to settle up 3.54% at 5pm today.
Among the top active counters were Dagang NeXchange Bhd, Sapura Energy Bhd, Sealink International Bhd, Velesto Bhd, KNM Group Bhd and Bumi Armada Bhd.
The counters that touched their one-year highs included Sapura Energy (rose to 17.5 sen before closing up one sen or 6.7% at 16 sen), Bumi Armada Bhd (rose to 49.5 sen before closing up half a sen or 1.09% at 46 sen) and Petronas Chemicals Group Bhd (PetChem), which rose to RM8.58 before closing up 53 sen or 6.77% at RM8.35. PetChem was also the sector’s biggest gainer and the third largest gainer across Bur
KUALA LUMPUR (March 6): As the penny stock fever cools, trading interest appears to have shifted to small- and mid-cap companies, with more share price spikes seen across this segment recently.
One company whose shares were among the most sought after this week was loss-making IT company Dataprep Holdings Bhd.
Over the week, Dataprep shares jumped 92.79% or RM1.03 to emerge as the top gainer in percentage change, being only second behind Malaysia Pacific Industries Bhd (MPI) in terms of weekly change by value.
The counter breached the RM2 mark this week and hit a record high of RM2.27 before settling at RM2.14 on Friday, which gave the group a market capitalisation of RM1.29 billion.