Malaysian Shares End in Red on Profit-Taking Activities; Hong Seng Plunges Over 33%

MT Newswires Live06-19

Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end 0.39% lower at 1,599.79.

The index slightly opened comparatively higher but kept paring gains throughout the day to end in losses. The day range was between 1,599.79 and 1,609.22. Losers outnumbered gainers.

In corporate news, Singtel (SGX:Z74) unit Nxera MY inked a conditional joint venture deal with TM DC Educity, a unit of Telekom Malaysia (KLSE:TM), to develop and operate a data center campus in Johor, Malaysia.Under the deal, Nxera MY will hold a 49% stake in the newly incorporated ST Dynamo DC, with TM DC Educity holding the remaining 51%.

Elsewhere, dual listed Top Glove (SGX:BVA, KLSE:TOPGLOV) booked a profit attributable to owners of 50.7 million ringgit, reversing a loss of 130.6 million ringgit a year ago. Earnings per share were 0.0063 ringgit, versus a per-share loss of 0.0163 ringgit.

In corporate news, shares of Hong Seng Consolidated (KLSE:HONGSENG), a provider of gloves manufacturing and other services, slumped over 33%, and those of the software company Metronic Global (KLSE:MTRONIC) dropped 20% on Wednesday's close.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2444429255?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-19 17:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2444429255","market":"us","top_or_hot":-1,"title":"Malaysian Shares End in Red on Profit-Taking Activities; Hong Seng Plunges Over 33%","media":"MT Newswires Live","content":"<html><body><p> Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session. </p><p>The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end 0.39% lower at 1,599.79. </p><p>The index slightly opened comparatively higher but kept paring gains throughout the day to end in losses. The day range was between 1,599.79 and 1,609.22. Losers outnumbered gainers. </p><p>In corporate news, Singtel (SGX:Z74) unit Nxera MY inked a conditional joint venture deal with TM DC Educity, a unit of Telekom Malaysia (KLSE:TM), to develop and operate a data center campus in Johor, Malaysia.Under the deal, Nxera MY will hold a 49% stake in the newly incorporated ST Dynamo DC, with TM DC Educity holding the remaining 51%. </p><p>Elsewhere, dual listed Top Glove (SGX:BVA, KLSE:TOPGLOV) booked a profit attributable to owners of 50.7 million ringgit, reversing a loss of 130.6 million ringgit a year ago. Earnings per share were 0.0063 ringgit, versus a per-share loss of 0.0163 ringgit.</p><p>In corporate news, shares of Hong Seng Consolidated (KLSE:HONGSENG), a provider of gloves manufacturing and other services, slumped over 33%, and those of the software company Metronic Global (KLSE:MTRONIC) dropped 20% on Wednesday's close.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysian Shares End in Red on Profit-Taking Activities; Hong Seng Plunges Over 33%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysian Shares End in Red on Profit-Taking Activities; Hong Seng Plunges Over 33%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-19 17:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session. The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002604.SGD","symbol_name":"LionGlobal Singapore/Malaysia SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2444429255","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444429255","pubTimestamp":1718790871,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session. The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end 0.39% lower at 1,599.79. The index slightly opened comparatively higher but kept paring gains throughout the day to end in losses. The day range was between 1,599.79 and 1,609.22. Losers outnumbered gainers. In corporate news, Singtel  unit Nxera MY inked a conditional joint venture deal with TM DC Educity, a unit of Telekom Malaysia , to develop and operate a data center campus in Johor, Malaysia.Under the deal, Nxera MY will hold a 49% stake in the newly incorporated ST Dynamo DC, with TM DC Educity holding the remaining 51%. Elsewhere, dual listed Top Glove  booked a profit attributable to owners of 50.7 million ringgit, reversing a loss of 130.6 million ringgit a year ago. Earnings per share were 0.0063 ringgit, versus a per-share loss of 0.0163 ringgit.In corporate news, shares of Hong Se","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","Z74.SI":"新电信","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK6035":"综合电信业务","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","BK6511":"医疗保健服务概念","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6103":"医疗保健用品","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0918141887.USD":"安联亚洲实际收益股票基金","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999002406.SGD":"利安新加坡信托基金","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","BK6523":"ESG概念","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","BVA.SI":"顶级手套有限公司"},"translate_title":"马来西亚股市因获利回吐活动而收红；恒生指数暴跌逾33%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":0.9,"BVA.SI":0.9},"content_text":"Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session. The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end 0.39% lower at 1,599.79. The index slightly opened comparatively higher but kept paring gains throughout the day to end in losses. The day range was between 1,599.79 and 1,609.22. Losers outnumbered gainers. In corporate news, Singtel (SGX:Z74) unit Nxera MY inked a conditional joint venture deal with TM DC Educity, a unit of Telekom Malaysia (KLSE:TM), to develop and operate a data center campus in Johor, Malaysia.Under the deal, Nxera MY will hold a 49% stake in the newly incorporated ST Dynamo DC, with TM DC Educity holding the remaining 51%. Elsewhere, dual listed Top Glove (SGX:BVA, KLSE:TOPGLOV) booked a profit attributable to owners of 50.7 million ringgit, reversing a loss of 130.6 million ringgit a year ago. Earnings per share were 0.0063 ringgit, versus a per-share loss of 0.0163 ringgit.In corporate news, shares of Hong Seng Consolidated (KLSE:HONGSENG), a provider of gloves manufacturing and other services, slumped over 33%, and those of the software company Metronic Global (KLSE:MTRONIC) dropped 20% on Wednesday's close.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444429255"}