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theedgemalaysia.com highlighted three stocks with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.
Bursa Malaysia finished lower on Monday following a strong US employment report that eliminated hopes of an interest rate cut, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 5.24 points to end at an intraday low of 1,511.34 from last Friday's (Feb 2) close of 1,516.58.
Bursa Malaysia traded in a tight range early on Tuesday, mirroring Wall Street’s performance ahead of the year’s final Federal Open Market Committee (FOMC) meeting next week.
KUALA LUMPUR: Bursa Malaysia is expected to continue moving in a sideways trajectory ahead of further signals from the US Federal Reserve on their next interest rate move.
KUALA LUMPUR: Panda Eco System Bhd made it debut on the ACE Market of Bursa Malaysia at 29 sen a share, a 13 sen or 81.25% premium to the initial public offering (IPO) price of 16 sen a share.
Here is a brief recap of some corporate announcements that made news on Monday: UMW Holdings Bhd, Spritzer Bhd, Velesto, Panda Ecosystem, GDEX Bhd, Tan Chong Motor Holdings Bhd, Guan Chong Bhd, UMediC Group Bhd, Perak Corp Bhd, Advancecon Holdings Bhd, Microlink Solutions Bhd, Keck Seng (M) Bhd, Heineken Malaysia Bhd, Tiong Nam Logistics Holdings Bhd, LKL International Bhd.
KUALA LUMPUR (Nov 27): Bursa Malaysia finished lower on Monday, dampened by selling in selected heavyweights as well as mid- and small-cap stocks, a dealer said.
This will be the final week for the release of third-quarter corporate earnings, with banking giants such as Public Bank Bhd, CIMB Group Holdings Bhd and RHB Bank Bhd set to announce their financial performance for the July-September period.
Bursa Malaysia stayed lower at midday on Monday, with continuing losses led by mid- and small-cap stocks.
At 12.30pm, the FBM KLCI was 1.93 points lower at 1,451.99, from last Friday’s closing at 1,453.92.
KUALA LUMPUR: Equities markets are on the backfoot as investors await the release of inflation data from the US Federal Reserve later this week, which could either affirm or dispel hopes that interest rates have reached their terminal rate for now.