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KUALA LUMPUR (Feb 23): Land & General Bhd returned to the black in the third quarter ended Dec 31, 2020 (3QFY21) with a net profit of RM7.25 million, compared with a net loss of RM637,000 a year earlier.
Earnings per share stood at 0.24 sen versus a loss per share of 0.02 sen previously, according to the group s filing with Bursa Malaysia today.
The group attributed the earnings to write-backs in its property and other divisions totalling RM4.43 million, as well as the share of profit from associate company, Country Garden Properties (M) Sdn Bhd, of RM1.12 million (versus share of loss of RM290,000 a year ago).
At 10am, the FBM KLCI had jumped 11.14 points to 1,652.31.
Market breadth was positive with 536 gainers and 370 losers, while 402 counters traded unchanged. Trading volume was 2.67 billion shares valued at RM929.45 million.
The top gainers included KPower Bhd, Public Bank Bhd, CN Asia Corp Bhd, Greatech Technology Bhd, Carlsberg Brewery Malaysia Bhd, Ajinomoto (Malaysia) Bhd, Batu Kawan Bhd, Hong Leong Financial Group Bhd and JF Technology Bhd.
The actively traded stocks included AT Systematization Bhd, Fintec Global Bhd, Land & General Bhd and Iris Corp Bhd.
The decliners included Nestle (Malaysia) Bhd, Supermax Corp Bhd, Dutch Lady Milk Industries Bhd, Lii Hen Industries Bhd, AEON Credit Service (M) Bhd, Top Glove Corp Bhd and QL Resources Bhd.
KUALA LUMPUR (Dec 28): The main index at Bursa Malaysia pared some of its gains at the midday break Monday as index-linked glovemakers retreated following the rollout of vaccines in several countries.
At 12.30pm, the FBM KLCI was up 5.84 points to 1,647.01. The index had earlier risen to a high of 1,655.96.
Gainers led losers by 460 to 300, while 760 counters traded unchanged. Trading volume was 5.08 billion shares valued at RM2.15 billion.
The gainers included KESM Industries Bhd, Hong Leong Financial Group Bhd, Carlsberg Brewery Malaysia Bhd, Greatech Technology Bhd, Ajinomoto (M) Bhd, Malaysia Airports Holdings Bhd, CN Asia Corp Bhd, KPower Bhd and Public Bank Bhd.
The benchmark index closed 0.38% or 6.33 points lower at 1,641.17.
Investors offloaded their holdings ahead of the long Christmas weekend, remisier Jeffry Azizi Jaafar told theedgemarkets.com.
He said sentiment was cautious as the country s Covid-19 cases remained high, especially among foreign workers.
Jeffry expects the KLCI to stay muted next week in the absence of window-dressing activities.
On the broader market, 587 counters ended lower versus 514 gainers, while 480 others were unchanged.
A total of 6.67 billion securities worth RM2.83 billion were traded. This is the lowest trading value since Oct 1 when it stood at RM2.61 billion.
Yesterday, 6.31 billion securities changed hnads at a total value of RM3.41 billion.