KUALA LUMPUR: Shares of MISC BHD [] advanced 30 sen to a week's high of RM7.82 in afternoon trade on Friday, March 18 on expectations its robust heavy engineering business would underpin its earnings despite headwinds in its liner and tanker divisions.
At 3.37pm, MISC was up 30 sen to RM7.82, the highest since last Friday, March 11. Theer were 619,700 shares done.
The FBM KLCI rose 3.52 points to 1,495.61. Turnover was 725.69 million shares valued at RM911.76 million. There were 423 gainers, 247 losers and 275 stocks unchanged.
Sentiment was boosted by recent news that its heavy engineering business was expected to buoy the company's outlook. MISC's heavy-engineering business is operated by 66.5%-owned Malaysia Marine and Heavy Engineering Holdings Bhd.
MISC also planned to work with Malaysia Shipping Corporation (MSC) to improve operational efficiency and enhance customers' shipping experience.
At 3.37pm, MISC was up 30 sen to RM7.82, the highest since last Friday, March 11. Theer were 619,700 shares done.
The FBM KLCI rose 3.52 points to 1,495.61. Turnover was 725.69 million shares valued at RM911.76 million. There were 423 gainers, 247 losers and 275 stocks unchanged.
Sentiment was boosted by recent news that its heavy engineering business was expected to buoy the company's outlook. MISC's heavy-engineering business is operated by 66.5%-owned Malaysia Marine and Heavy Engineering Holdings Bhd.
MISC also planned to work with Malaysia Shipping Corporation (MSC) to improve operational efficiency and enhance customers' shipping experience.
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