MQ Market Updates - 17 September 2024

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2024-09-17 17:45:00

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Shares of glove manufacturers surged on Tuesday, led by Hartalega Holdings Bhd (KL:HARTA) and Top Glove Corp Bhd (KL:TOPGLOV), after the US Trade Representative (USTR) announced that tariffs on Chinese gloves will be raised to 50% in 2025 and 100% in 2026. (TheEdge)

Bursa Malaysia Securities Bhd has suspended the intraday short-selling (IDSS) for APB Resources Bhd due to a significant decline in its share prices, falling more than 15%. (TheStar)

Gamuda Bhd is likely to be included in the next FBM Kuala Lumpur Composite Index (KLCI) review in December, with 99 Speed Mart Holdings Bhd possibly in the reserve list and Genting Malaysia Bhd removed. (NST)

Pipes and fittings maker Resintech Bhd (KL:RESINTC) on Tuesday said it is forming a joint venture (JV) with a unit of a Sarawak state agency to jointly trade industrial plastic products in the state. (TheEdge)

Shares of HeiTech Padu Bhd (KL:HTPADU) rose to their highest in nearly two months after the information technology company announced a RM133.73 million contract. (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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