<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 14): Hap Seng Consolidated Bhd shares rose 2.15%, more than any full-day gain since Oct 31, while Malaysia's benchmark index declined.</p></div>

<div class=newsTextDataWrapInner><p>Market Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Shares advanced to RM9.98, higher than any close since at least June 2008, from RM9.77 in the previous session.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Trading volume was 9 percent more than the 20-day.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.3 percent, and the MSCI AC Asia Pacific Index fell 0.1 percent.</p></div>

<div class=newsTextDataWrapInner><p>Market Insights</p></div>

<div class=newsTextDataWrapInner><p>* In the past year, the stock had a similar or greater gain two times at the close. It declined after both occasions.</p></div>

<div class=newsTextDataWrapInner><p>* Stock advanced 0.7 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 7 percent.</p></div>

<div class=newsTextDataWrapInner><p>Catalysts</p></div>

<div class=newsTextDataWrapInner><p>* A cash dividend of 15 sen per share is pending with June 17 as the estimated ex-date.</p></div>


Hap Seng Consolidated Bhd shares rose 2.15%, more than any full-day gain since Oct 31, while Malaysia's benchmark index declined.

Hap Seng Consolidated up 2.15% climbing the most in 2019

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<p>Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.</p>


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<p>Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;</p>


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<p>RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).</p>


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<p>The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.</p>


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<p>Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.</p>


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<p>Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.</p>


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<p>MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;</p>


<p>The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).</p>


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<p>Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.</p>


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<p>Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.</p>

<p>According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.</p>
