MQ Market Updates - 09 May 2024

2024-05-09 17:35:15

4705 subscribers

Looking for 3x cash & 2x shares trading limit? Get started now! https://bit.ly/mqtatrade

Visit this link for the full article: https://bit.ly/44Q4Iql

Mega First Corp Bhd's subsidiary, Mega First Agrotech Sdn Bhd has entered into a share subscription agreement with CSC Agriculture Holdings Sdn Bhd to acquire 13.55 million shares or 64 per cent stake in the company for RM25 million. (NST)

VSTECS Bhd was the stock market's top gainer today, hitting a high of RM3.58 a share, after the company was appointed as Amazon Web Services' (AWS) first distributor in Malaysia. (NST)

Shares of Sarawak Cable Bhd fell to its lowest in five months on Wednesday after the loss-making cable manufacturer's so-called resuscitation exercise has been terminated. (TheEdge)

Malaysia’s largest telecom company by revenue Axiata Group Bhd may face earnings pressure from a potential merger of its unit PT XL Axiata with PT Smartfren Telecom in Indonesia, and investors should sell the stock, said MIDF Amanah Investment Bank. (TheEdge)

Shares of Kerjaya Prospek Group Bhd surged to a new record high on Thursday, as investors bet on better earnings growth for its upcoming financial results for the first quarter ended March 31, 2024 (1QFY2024). (TheEdge)

Source: NST, TheEdge, TheStar

#MQTrader #MQMarketUpdates #QuantTrader #Stocks #Investing #Finance #Trading #StockMarket #Investments #Money #Investors #Wealth #Bursa #News #Malaysia

Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

Comments

unknown

Reply