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KUALA LUMPUR: Bursa Malaysia extended its slide to a fourth consecutive session on Friday as persistent selling and cautious sentiment dampened investor appetite.
theedgemalaysia.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Only one showed positive momentum, while seven showed negative momentum.
Hume Cement Industries Bhd (KL:HUMEIND) said the industry is still adjusting to acute truck shortages that have led to delivery delays amid the crackdown on overloaded vehicles.
Hume Cement Industries Bhd (KL:HUMEIND), which is 72%-owned by Hong Leong Group, posted a 21.2% drop in net profit for the second quarter, due to the absence of a one-off disposal gain booked in the same quarter a year earlier.
PETALING JAYA: Hume Cement Industries Bhd's net cash position is set to rise to about 15% of its current market capitalisation following the disposal of its loss-making concrete business.
KUALA LUMPUR: Bursa Malaysia rallied on Friday, supported by broad-based gains that lifted the benchmark index to an intraday high and secured a positive close for the week.
Hume Cement Industries Bhd (KL:HUMEIND), which is 72%-owned by the Hong Leong Group, has appointed William Tan Kok Siang as its group managing director, effective Jan 1.
KUALA LUMPUR: The FBM KLCI snapped its winning streak on profit-taking, ending the session slightly lower as selling pressure weighed on the broader market.
KUALA LUMPUR: Kerjaya Prospek Group Bhd has secured a RM225.0mn contract for the construction of a 50-storey serviced apartment and commercial development in Johor Bahru.