MQ Market Updates - 19 August 2024

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2024-08-19 17:56:03

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The FBM KLCI hit a new 52-week high on Monday propelled by strong gains in banking stocks, as investors racked up shares in index heavyweights while awaiting earnings announcements in the next two weeks.

Sunmow Holding Bhd's subsidiary Sunmow Construction Sdn Bhd's (SCSB) joint venture has won a RM1.2 billion contract for works related to Package 4B (Bukit Pagon to Long Luping) of Phase 2 of the Sarawak-Sabah Link Road project. (NST)

Shares of CelcomDigi Bhd (KL:CDB) slipped on Monday and are on course for their third straight day of decline as another weaker-than-expected results prompted analysts to cut their forecasts and target prices. (TheEdge)

Widely known for developing landed residential offerings in Bandar Sri Sendayan, Matrix Concepts Holdings Bhd is on its next mission — to ensure the residents are provided with convenience right from their doorstep. (TheEdge)

Agrochemical and fertiliser trading company Hextar Global Bhd (KL: HEXTAR) saw its net profit rise more than twofold to RM19.16 million for the second quarter ended June 30, 2024, from RM8.67 million in the same period last year, on the back of higher revenue. (TheStar)

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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