Top Glove’s Q2 net profit falls to RM87.55 mln
KUALA LUMPUR: Top Glove Corporation Bhd’s net profit fell 97 per cent to RM87.55 million in the second quarter ended Feb 28, 2022 (Q2 FY2022) from RM2.87 billion a year earlier. Revenue shrank 73 per cent to RM1.45 billion from RM5.37 billion previously, the world’s leading glove producer said in a filing with Bursa Malaysia […]
Sarawak Consolidated Industries Berhad to continue with daily operations
KUCHING: Sarawak Consolidated Industries Berhad (SCIB) announced that its operations would continue as usual despite a stock trading suspension by Bursa Malaysia Securities Berhad from Nov 9. It said that the trading suspension pertained to Bursa Securities’ rejection of an appeal by SCIB made on Oct 8 for an extension of time until Dec 31 […]
Serba Dinamik takes legal action against Bursa Malaysia
KUALA LUMPUR: Serba Dinamik Holdings Bhd (SDHB) filed an originating summons (OS) at the Kuala Lumpur High Court against Bursa Malaysia on Nov 3 in which it said the stock exchange regulator acted in “excess of power” with regard to directives given to the company concerning the requirement to conduct a special independent review and […]
Bursa remains in the red at mid-afternoon
KUALA LUMPUR: Bursa Malaysia remained in the red at mid-afternoon amid major political developments in the country. At 3.05 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 9.51 points to 1,495.60 from from Friday’s close of 1,505.11. The index opened 5.19 points weaker at 1,499.92. On the broader market, losers hammered gainers 822 […]
MyEG’s shares up on plan to introduce DeFi service in Malaysia
KUALA LUMPUR: MyEG Services Bhd’s shares on Bursa Malaysia rose in the early session today after the company announced its plan to introduce decentralised finance (DeFi) product last Friday. At 9.53am, its share price went up 3.0 sen to RM1.62 with 1.07 million shares traded. In a news report, MyEG said the DeFi service will […]
Hubline raises another RM4.02 mln from private placement
KUCHING: Hubline Bhd has raised an additional RM4.02 million from the second tranche private placement exercise. The company placed out 108,603,000 new ordinary shares priced at RM0.037 each under the second tranche, it said in a filing with Bursa Malaysia. With the latest issuance of new shares, Hubline’s total number of shares has ballooned to […]
Bursa Anywhere app now features eRights service
KUALA LUMPUR: Bursa Malaysia Bhd has introduced a new service on its Bursa Anywhere mobile application (app), enabling investors to subscribe for rights issue electronically (eRights). In a statement today, the exchange said the new eRights service offers a convenient method for depositors to apply and make payment for rights issue electronically on the Bursa […]
Bursa Malaysia Derivatives’ night trading to attract more international traders
KUALA LUMPUR: Bursa Malaysia Derivatives Bhd’s move to launch the after-hours (T+1) night trading session will likely attract more market participants from around the world, and is expected to boost trading periodically every quarter, says CGS-CIMB Futures Sdn Bhd. Senior dealer Muhammad Azwan Sekeri said the initiative would also give traders more opportunities to gain […]
OM Holdings’ Sarawak smelter resumes operations
KUALA LUMPUR: OM Holdings Ltd has resumed its operations which had been suspended since May 28 after several Covid-19 cases were reported at its smelter complex in Sarawak. The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety. “As a result of the […]
Bursa Malaysia’s losses widen at mid-morning, 858 counters in the red
KUALA LUMPUR: Bursa Malaysia’s losses widened at mid-morning with 858 counters in the red, as the extension of the movement control order under Phase 1 affected sentiment. At 11.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slid 16.98 points to 1,542.70 from Friday’s close of 1,559.68. The market bellwether opened 2.22 of-a-point lower at […]
