KUALA LUMPUR: Press Metal Aluminium Holdings Bhd is poised to post another record results in 2022, as the aluminium prices are expected to stay high in the near term while its fully commissioned P3 plant will lead volume growth.
Bursa Malaysia opened lower on Thursday due to mild profit-taking in selected heavyweights following recent gains. At 9.03am, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 0.16 of-a-point to 1,600.22 from 1,600.38 at Wednesday’s close.
Press Metal to ride on supercycle of aluminium prices thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
The stock with positive momentum was:
JKG Land Bhd – up one sen at 11 sen
The stocks with negative momentum were:
CN Asia Corp Bhd – up 34 sen at RM2.02
Dynaciate Group Bhd – unchanged at 13 sen
Ecobuilt Holdings Bhd – up one sen at 21.5 sen
Ivory Properties Group Bhd – up one sen at 19.5 sen
LBI Capital Bhd – up four sen at 70.5 sen
Mudajaya Group Bhd – up two sen at 32 sen
Parkson Holdings Bhd – up 1.5 sen at 21 sen
SBC Corp Bhd – up five sen to 45 sen
Sealink International Bhd – up 6.5 sen at 23.5 sen
Shin Yang Shipping Corp Bhd – up 3.5 sen at 37 sen
Theta Edge Bhd – up 21 sen to 85.5 sen