MQ Market Updates - 15 August 2024

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2024-08-15 17:53:27

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99 Speed Mart Retail Holdings Bhd (99 Holdings) which plans to list on the Main Market of Bursa Malaysia Securities on September 9, 2024 will be the biggest initial public offering the country has seen in seven years. (NST)

Bursa Malaysia Securities has suspended short selling of SP Setia Bhd's shares for the remainder of the day after its shares fell by more than 15 percent. (NST)

DRB-Hicom Bhd’s subsidiary, Edaran Otomobil Nasional Bhd (EON), expects Malaysian electric vehicle (EV) market penetration to reach up to two per cent by year-end, driven by the launch of additional EV models. (TheStar)

BINASTRA Corp Bhd met resistance yesterday at the historical high of RM1.34 but failed to close above the level. (TheStar)

Shares in Frontken Corp Bhd (KL:FRONTKN) extended their decline on Thursday, as investors reacted poorly to the semiconductor support services company’s weaker-than-expected results for the second quarter ended June 30, 2024 (2QFY2024). (TheEdge)

Source: NST, TheEdge, TheStar

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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.

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