KUALA LUMPUR: Companies with recent corporate announcements include Supercomnet, YTL Hospitality REIT, Sanichi, Apex Equity, Advancecon, Avillion, Titijaya, Genetec, Seal and Grean Ocean, said Apex Research.
Supercomnet received SC approval for its Main Market transfer.
YTL Hospitality REIT’s 4QFY23 NPI rose 5.6%, following which it declared a 4.38 sen distribution.
Sanichi founder Jacky Pang emerged as a substantial shareholder of Apex Equity.
Advancecon dismissed its COO over misconduct.
An auditor raises doubts over Avillion’s ability to continue as a going concern.
Titijaya signed a deal with state agency to reclaim and develop 20.8-acre land in Penang.
Genetec co-founder upped his stake in Seal to 28.24%.
Green Ocean proposes a 10-to-1 share consolidation.
Meanwhile, the US market rose overnight to extend its gains amid ongoing corporate results season.
Earlier, European markets climbed after slower inflation in the euro zone and higher economic activity in 2Q.
On the local market, the FBM KLCI surged 9.08 points or 0.63% to 1,459.43 points.
“Following the recent bullish momentum, the FBM KLCI could breach the resistance of 1460 points with the next resistance at 1,510 points,” said Apex.
– The Star