KUALA LUMPUR (March 4): The FBM KLCI closed down 7.19 points or 0.45% today tracking the negative performance of Asian equities after an overnight surge in bond yields again dragged shares on Wall Street.
At 5pm, the benchmark index closed at 1,581.26 points. Today, the index had mostly traded in negative territory, ranging between 1,577.39 and 1,590.46 compared with yesterday’s closing of 1,588.45.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com the weakness in the local bourse performance today was in line with regional markets after Wall Street dropped yesterday due to rising Treasury yield.
The rising yield has sparked investors concerns that this may prompt central banks to raise ultra-low interest rates, which is bad for the equity market.
KUALA LUMPUR (Feb 10): The main index at Bursa Malaysia eked out limited gains at the midday break today as investor sentiment turned tepid.
At 12.30pm, the FBM KLCI was up 1.05 points at 1,587.18. The index had earlier risen to a high of 1,592.27.
Losers led gainers by 443 to 274, while 731 counters traded unchanged. Trading volume was 2.97 billion shares valued at RM1.83 billion.
The gainers included Ann Joo Resources Bhd, Hartalega Holdings Bhd, Cymao Holdings Bhd, Euro Holdings Bhd, Widetech (M) Bhd, Aeon Credit Service (M) Bhd and Paragon Union Bhd.
The actively traded stocks included Dagang NeXchange Bhd, AirAsia X Bhd, EA Holdings Bhd, Velesto Energy Bhd, Iris Corp Bhd, Lion Industries Bhd, Opcom Holdings Bhd, AirAsia Group Bhd, Yong Tai Bhd and Foundpac Group Bhd.
The stocks with negative momentum were:
Central Global Bhd up 10 sen at 80 sen
Eita Resources Bhd up 28 sen at RM3.33
Federal Intl Holdings Bhd up six sen at 54.5 sen
Hwa Tai Industries Bhd up 18.5 sen at 65 sen
Paragon Union Bhd up eight sen at RM1.35
Rhone Ma Holdings Bhd up nine sen at 97 sen
The stock with positive momentum was:
Sarawak Consolidated Industries Bhd up 21 sen at RM2.33
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
KUALA LUMPUR (Jan 25): Based on corporate announcements and news flow today, stocks that may be in focus on Tuesday (Jan 26) include Hartalega Holdings Bhd, IGB Real Estate Investment Trust, Bioalpha Holdings Bhd, Key ASIC Bhd, KNM Group Bhd, Sunsuria Bhd, Kerjaya Prospek Property Bhd, Bintai Kinden Corp Bhd, Ge-Shen Corp Bhd, AwanBiru Technology Bhd, Paragon Union Bhd, Censof Holdings Bhd and Dagang NeXchange Bhd.
Hartalega Holdings Bhd announced its net profit for the third quarter ended Dec 31, 2020 (3QFY21) leapt to a record high of RM1 billion, up nearly 84% against RM544.96 million in the preceding quarter, 2QFY21. Its revenue grew by 58.2% to RM2.13 billion quarter-on-quarter against RM1.35 billion in 2QFY21. The brisk glove sales boosted Hartalega s cash pile to RM2.14 billion. Quarterly earnings per share (EPS) ballooned to 29.31 sen, from 15.95 sen in the preceding quarter. This brings the cumulative EPS to 51.68 sen, from 9.49 sen. Hartalega declared a second interim divi
KUALA LUMPUR (Jan 25): Paragon Union Bhd s share price pared gains in afternoon trades today after rising 30 sen or 30.93% to hit limit up at its record high of RM1.27 as investors weighed news on the emergence of AKK Capital Sdn Bhd, which is owned by Koon Hoi Chun, as a new controlling shareholder of carpet manufacturer Paragon Union.
On Bursa Malaysia, Paragon Union s share price pared gains at RM1.17 at 3.10pm after rising to RM1.27 this morning on news that Koon via AKK is buying a 60.41% stake in Paragon Union from major shareholders in an off-market deal which led to a planned unconditional mandatory takeover offer from the buyer to acquire the remaining shares in Paragon Union at 55 sen each.