Notable filings For the week of Nov 29 to Dec 3, notable changes in shareholding at companies listed on Bursa Malaysia included those at EA Holdings Bhd (EAH), which saw property developer VinVest Capital Holdings Bhd, formerly Vivocom Intl Holdings Bhd, emerge as a substantial shareholder of the ACE Market-listed IT company.
Bursa Malaysia turns mixed 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.
KUALA LUMPUR (July 9): Bursa Malaysia was slightly higher in early morning trade on bargain-hunting activities, which supported the benchmark index to stay above the 1,500-level.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points to 1,513.86 from Thursday’s close of 1,508.71.
The market bellwether opened 0.35 of-a-point easier at 1,508.36.
On the broader market, gainers led losers 197 to 126, while 246 counters were unchanged, 1,634 untraded and 10 others suspended.
Turnover stood at 240.14 million units valued at RM135.80 billion.
Malacca Securities expects the current cautious trading tone to persist due to lack of fresh positive catalysts.
“However, we believe bargain-hunting activities may emerge in the near term due to the significant selldown and oversold tone across the board. Commodity-wise, the oil price has seen a rebound following an improved inventory draw,” it said in a research note today.
KUALA LUMPUR (June 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Thursday, July 1) may include: Serba Dinamik Holdings Bhd, Aeon Credit Service (M) Bhd, Paramount Corp Bhd, Star Media Group Bhd, RCE Capital Bhd, Mah Sing Group Bhd, Ahmad Zaki Resources Bhd (AZRB), Cheetah Holdings Bhd, Nestcon Bhd, AE Multi Holdings Bhd, Green Ocean Corp Bhd, Boustead Heavy Industries Corp Bhd (BHIC), Sarawak Consolidated Industries Bhd (SCIB), MAG Holdings Bhd, Kronologi Asia Bhd and Cypark Resources Bhd.
The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in
Serba Dinamik Holdings Bhd, after selling another 96 million shares or 2.57% in the oil and gas services group in the open market on June 25. In a related development, Serba Dinamik’s largest shareholder and group CEO Datuk Mohd Abdul Karim Abdullah sold 46.3 million shares or 1.2% in the group on June 28, citing force-selling as reason for the disposal. Similarly, co-fou
KUALA LUMPUR (Jan 14): Shares in printed circuit boards manufacturer PNE PCB Bhd fell as much as 17.46% to its intraday low of 52 sen in early trade today, in tandem with the negative performance across glove counters after JP Morgan issued a report saying that demand for gloves will likely continue to ease.
The stock was the most active counter on Bursa Malaysia this morning, with 190.75 million shares traded 41 times higher compared to its 200-day average trading volume of 4.62 million shares.
JP Morgan, which had initiated coverage on the Malaysian rubber glove sector with a sell call last month, told investors that gloves are “not needed” while administering vaccinations.