Malaysian Shares Extend Winning Streak to End in Black; Mah Sing's Shares Gain Over 1%

MT Newswires Live

2024-12-04

Malaysian shares extended yesterday's gains to end in the green zone on Wednesday, maintaining a three-day winning streak.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 7.13 points to end 0.44% higher at 1,614.09. The day range was between 1,606.53 and 1,616.03.

In corporate news, TMK Chemical's (KLSE:TMK) initial public offering received a stellar response as it received 14,739 applications submitted for 305.54 million shares worth 534.7 million ringgit, reflecting an oversubscription rate of 14.28 times.

Shares of Mah Sing Group (KLSE:MAHSING) gained over 1% after its unit Loyal Sierra Development said it is acquiring freehold prime lands in Johor Bahru, Malaysia, from several vendors for 63 million ringgit.

Shares of V.S. Industry (KLSE:VSTECS) closed marginally higher after its profit attributable to owners jumped to 30.6 million ringgit in the fiscal first quarter from 49 million ringgit a year ago.

Whereas, shares of property developer Malton (KLSE:MALTON) dropped over 1% on Wednesday's close after it proposed a private placement of up to 10% of the total number of issued shares of the company.

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Industry (KLSE:VSTECS) closed marginally higher after its profit attributable to owners jumped to 30.6 million ringgit in the fiscal first quarter from 49 million ringgit a year ago.</p><p>Whereas, shares of property developer Malton (KLSE:MALTON) dropped over 1% on Wednesday's close after it proposed a private placement of up to 10% of the total number of issued shares of the company.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6117","symbol_name":"房地產開發","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2488473150","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488473150","pubTimestamp":1733306072,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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