KUALA LUMPUR: Milux Corp Bhd share price bucked the weaker market sentiment on Thursday, June 16 to advance to RM1.27 in thin trade on Thursday, June 16.
At 3.42pm, it was up 15 sen to RM1.27 with 1,000 shares done.
The FBM KLCI fell 5.71 points to1,550.48. Turnover was 592.08 million units valued at RM1.02 billion. Losers beat gainers 568 to 139 while 268 stocks were unchanged.
The rise in the share price was in the absence of fresh positive news. In the second half ended Feb 28, it posted net loss of MM1.35m in the second quarter ended Feb 28, 2011 while the first half net losses were RM1.53 million.
In a recent statement to Bursa Malaysia, accompanying the results, the company said its management has taken measures to reorganise the operations of the local and overseas subsidiaries which are incurring losses presently to return to profitability.
'The management anticipates that these subsidiaries will show meaningful recovery in future,' it said.
At 3.42pm, it was up 15 sen to RM1.27 with 1,000 shares done.
The FBM KLCI fell 5.71 points to1,550.48. Turnover was 592.08 million units valued at RM1.02 billion. Losers beat gainers 568 to 139 while 268 stocks were unchanged.
The rise in the share price was in the absence of fresh positive news. In the second half ended Feb 28, it posted net loss of MM1.35m in the second quarter ended Feb 28, 2011 while the first half net losses were RM1.53 million.
In a recent statement to Bursa Malaysia, accompanying the results, the company said its management has taken measures to reorganise the operations of the local and overseas subsidiaries which are incurring losses presently to return to profitability.
'The management anticipates that these subsidiaries will show meaningful recovery in future,' it said.
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