Friday, May 26th, 2017


CAP, Hibiscus, Mah Sing, Icon, Serba Dinamik, KPJ, RCE Capital, Econpile, BHIC, Titijaya, Tropicana, Pestech, Mitrajaya, MCT, Kenanga and PIE Industrial

CAP, Hibiscus, Mah Sing, Icon, Serba Dinamik, KPJ, RCE Capital, Econpile, BHIC, Titijaya, Tropicana, Pestech, Mitrajaya, MCT, Kenanga and PIE Industrial

KUALA LUMPUR (May 26): Based on corporate announcements and news flow today, stocks in focus on Monday (May 29) may include: CAP, Hibiscus, Mah Sing,…

Nor Mohamed gives statement to Bank Negara in forex probe

MELAKA, May 26 ― Former finance minister II Tan Sri Nor Mohamed Yakcop has given a statement to the Special Task Force probing into Bank Negara Malaysia’s (BNM) foreign exchange (forex) losses in the 1990s. Nor Mohamed, who is Khazanah…

Wall Street flat as consumer stocks’ gains offset by tech, financials

NEW YORK, May 26 ― Wall Street was flat this morning, coming off six straight days of gains and ahead of a three-day holiday weekend, as another strong day for consumer stocks was offset by weakness in financial and technology companies. The…

China Automobile’s auditor retracts FY15 audit report

China Automobile's auditor retracts FY15 audit report

KUALA LUMPUR (May 26): China Automobile Parts Holdings Ltd’s (CAP) auditor PKF has retracted its audit report for its financial year ended Dec 31, 2015…

Tropicana 1Q net profit more than doubles on strong sales

Tropicana 1Q net profit more than doubles on strong sales

KUALA LUMPUR (May 26): Property developer Tropicana Corp Bhd more than doubled its net profit to RM32.52 million or 2.27 sen a share in the first…

Affin Q1 pre-tax profit up to RM161.5m

KUALA LUMPUR, May 26 ― Affin Holdings Bhd’s pre-tax profit for the first quarter ended March 31, 2017 rose to RM161.5 million from RM152.7 million in the same period last year. Revenue increased to RM509.6 million from RM426.9 million…

US Q1 2017 growth revised up sharply to 1.2pc

WASHINGTON, May 26 ― The US economy grew much faster than originally reported in the first quarter due to sharp increases in business and consumer spending, the Commerce Department reported today. The revised data mean GDP growth in President…

FTSE Russell, Bursa launch 2 new indexes for mid, small-caps

FTSE Russell, Bursa launch 2 new indexes for mid, small-caps

KUALA LUMPUR (May 26): FTSE Russell and Bursa Malaysia have launched the FTSE Bursa Malaysia MidS Cap Index and the FTSE Bursa Malaysia MidS Cap…

Ringgit ends higher on positive Q1 growth

KUALA LUMPUR, May 26 ― The ringgit closed higher against the US dollar today on better sentiment boosted by Malaysia’s encouraging economic growth recorded in the first quarter amid firmer global oil prices, said a research firm. At 6 pm,…

Bursa Malaysia ends lower in range-bound trade

KUALA LUMPUR: Bursa Malaysia ended marginally lower in range-bound trading today, with selling seen across the board, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended lower at 1,772.30, down 1.66 points from the 1,773.96 at close on Thursday.

After opening 0.06 of a point lower at 1,773.90, the index moved between 1,769.47 and 1,778.18 throughout the day.

Market breadth was negative as losers thumped gainers 771 to 208, with 344 counters unchanged, 459 untraded and 29 others suspended.

Volume decreased to 2.86 billion units, valued at RM2.61 billion, from the 2.95 billion units, valued at RM3.17 billion, traded on Thursday.

A dealer said the local market tracked the mixed performance on regional bourses as investors weighed Wall Street's overnight gains against the latest oil production cut, which dragged down crude prices and commodity shares.

The market was disappointed despite the decision by the Organisation of the Petroleum Exporting Countries to extend supply cut, sending oil prices nearly 5.0% lower as investors were anticipating deeper cuts, he said.

Regionally, Japan's Nikkei 225 was down 0.64% to 19,686.84, Hong Kong's Hang Seng was up 0.03% to 25,639.27, Singapore's Straits Times declined 0.44% to 3,221.40 and South Korea's Kospi rose 0.53% to 2,355.30.

Among heavyweights, Maybank added one sen to RM9.40, Sime Darby gained three sen to RM9.33, Petronas Chemicals edged up one sen to RM7.40, TNB shed two sen to RM13.80 while Public Bank was flat at RM20.08.

Of actives, Netx Holdings warrant eased half-a-sen to three sen, AirAsia X shed 1.5 sen to 41 sen while Netx Holdings, D.B.E Gurney and Iris Corporation were flat at 6.5 sen, 3.5 sen and 18.5 sen respectively.

The FBM Emas Index was 30.59 points lower at 12,661.58, FBMT 100 Index shed 23.28 points to 12,294.36 and the FBM 70 dropped 72.76 points to 15,145.50.

The FBM Ace fell 145.02 points to 6,386.88 and the FBM Emas Syariah Index slid 16.51 points to 12,924.46.

Sector-wise, the Finance Index eased 1.30 points to 16,499.86, the Industrial Index decreased 6.83 points to 3,275.93 but the Plantation Index was up 4.44 points at 8,064.46.

Main Market turnover decreased to 1.85 billion units, worth RM2.45 billion, from 1.91 billion units, worth RM2.99 billion, registered on Thursday.

Volume on the ACE Market increased to 714.67 million units, valued at RM116.73 million, from 624.05 million units, worth RM132.48 million, recorded previously.

Warrants fell to 291.34 million units valued at RM36.73 million, from yesterday's 399.02 million units worth RM55.17 million.

Consumer products accounted for 199.76 million shares traded on the Main Market, industrial products (527.83 million), construction (115.32 million), trade and services (603.62 million), technology (81.40 million), infrastructure (6.86 million), SPAC (3.52 million), finance (88.99 million), hotels (1.67 million), properties (185.14 million), plantations (19.49 million), mining (59,400), REITs (11.48 million), and closed/fund (12,900).

The physical price of gold as at 5pm stood at RM167.73 per gramme, up 45 sen from RM167.28 at 5pm yesterday. — Bernama