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KUALA LUMPUR: Blue chips slipped in early Thursday trade, the last day of the pandemic-ridden 2020 which sent the global economy into a recession. At 9.14am, the KLCI was down 4.51 points or 0.27% to 1,639.90. Turnover was 511.06 million shares valued at RM237.94mil. There were 242 gainers, 272 losers and 389 counters unchanged. Bloomberg reported the dollar continued its slide early Thursday, weakening to the lowest in 2 1/2 years. S&P 500 Index futures edged up, while Australian stocks drifted lower, with curtailed trading in Asian markets on the last day of 2020. Markets in Japan and South Korea are shut. New Zealand shares dropped. U.S. stocks climbed, with small-cap shares outperforming. Bitcoin extended its record-breaking rally to surpass US$29,000. ....
KUALA LUMPUR: Sime Darby Plantation, Uzma, AME Elite Consortium and Stella Holdings are among the stocks which could see trading interest on Thursday following their corporate news, JF Apex Research says. ....
KUALA LUMPUR (Dec 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 31) may include: Sime Darby Plantation Bhd, Tompyak Holdings Bhd, Alliance Bank Malaysia Bhd, AME Elite Consortium Bhd, UEM Sunrise Bhd, Eco World Development Bhd, Uzma Bhd, G Capital Bhd, FGV Holdings Bhd, Stella Holdings Bhd, Willowglen MSC Bhd and K-One Technology Bhd. The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation Bhd over allegations of forced labour in the production process, according to the US Customs and Border Protection. The agency said it has issued a withhold release order , which will allow it to detain shipments based on suspicion of forced labour involvement under long-standing US laws aimed at combating human trafficking, child labour and other human rights abuses. ....
For representation only. – REUTERSPIX PETALING JAYA: K-One Technology Bhd’s wholly owned subsidiary K-One MediTech Sdn Bhd has received approval from the Medical Device Authority of Malaysia (MDA) to manufacture and supply additional variants of nasal swabs. It stated that the approval is timely considering the government’s decision for mandatory Covid-19 testing for all foreign workers effective Jan 1, 2021. This development comes amidst the surge of Covid-19 cases which rose to 108,615 cases on Dec 29 with 21,443 active cases and a death toll of 457 people. The group relayed the Health Ministry has stepped up its effort for mass screening in targeted hotspots to curb the spread of pandemic which is likely to drive demand for nasal swab in tandem with the rise in testing. ....