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Page 4 - உலோகம் அலுமினியம் ஹோல்டிங்ஸ் ப்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bursa Malaysia lower at mid-morning

KUALA LUMPUR (April 16): Bursa Malaysia was lower at mid-morning today amidst the mixed regional sentiment, as concerns over the resurgence in global Covid-19 cases affected investors’ risk appetites, dealers said. Locally, the daily tally of new Covid-19 cases surged to 2,148 yesterday from 1,889 a day earlier. The last time the country recorded more than 2,000 daily cases was on March 5, with 2,154 cases. At 11.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.46 points to 1,604.79 from Thursday’s close of 1,608.25. Gains in Maxis Bhd and rubber glove stocks helped to cushion the downward slide. Maxis rose seven sen to RM4.69, Supermax Corp Bhd advanced 20 sen to RM5.30 and Top Glove Corp Bhd gained six sen to RM5.50.

Press Metal and PetChem emerge as dark horses in Bursa s largest companies list

KUALA LUMPUR (April 15): While much has been said about the growth of glove stocks and tech counters on Bursa Malaysia, two companies in different sectors Press Metal Aluminium Holdings Bhd and Petronas Chemicals Group Bhd (PetChem) have emerged as dark horses in the list of largest companies. Press Metal was the 28th largest company on the exchange on March 31, 2020 with a market capitalisation of RM13.29 billion, according to Bloomberg data. It rose to 22nd place on Sept 30, 2020 with a market value of RM20.77 billion, and has now climbed to eighth place with a value RM40.46 billion. In short, between March 31, 2020 and today, the aluminium supplier has added some RM27.17 billion in market capitalisation.

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