Saturday 26 March 2016

Bursa highlights for Fri, March 25

Oil and gas heavyweight SapuraKencana Petroleum Bhd posted net losses of RM1.28bil in the latest fourth quarter ended Jan 31, 2016, pushing FY16 into the red, on impairments. The net losses were in stark contrast with earnings of RM129.13mil a year ago.

Mass Rapid Transit Corp Sdn Bhd has awarded the first viaduct work package for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line, valued at RM1.44bil, to Ahmad Zaki Resources Bhd’s unit.

Public Bank Bhd has received the 100% foreign-owned bank licence from the State Bank of Vietnam and will rename its existing joint-venture bank as Public Bank Vietnam Ltd.

Affin Holdings Bhd has received Bank Negara’s nod to negotiate to boost its stake in AXA Affin General Insurance Bhd (AAGI), in which it currently holds 34.51% equity interest.

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