Malaysian Shares Rebound Mirroring Regional Gains; Vetece's Shares Rise 4%

MT Newswires Live

01/05

Malaysian stocks rose slightly on Monday, snapping a two-day losing streak, and in line with regional gains.

The FTSE Bursa Malaysia KLCI gained 10.56 points to end 0.6% higher at 1,680.32. The day range was between 1,669.08 and 1,681.94.

In corporate news, shares of Vetece (KLSE:VTC) gained over 4% on Monday's close after its unit Vision Technology Consulting signed a contract with a leading Malaysian utility company to provide an international Human Capital Management (HCM) Cloud software subscription valued at about 12.6 million ringgit.

Whereas, shares of Glomac (KLSE:GLOMAC) slid over 1% on close after its unit Glomac Al Batha agreed to sell two leasehold plots in Puchong, Malaysia, for 97.3 million to Sunway Kiara.

Meanwhile, Guan Huat Seng (KLSE:GHS) is seeking to raise about 30 million ringgit from its initial public offering on the ACE Market of Bursa Malaysia. The IPO entails a public issue of 120 million shares at a tentative price of 0.25 ringgit each, as well as an offer for sale of 21 million shares.

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The IPO entails a public issue of 120 million shares at a tentative price of 0.25 ringgit each, as well as an offer for sale of 21 million shares.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2601002283","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601002283","pubTimestamp":1767606115,"columns":[],"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. 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