KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
Key Takeaway: Hibiscus Petroleum's net profit plunged 51% in 1QFY2025 due to lower oil prices, reduced production volume, and a stronger ringgit . Hibiscus Petroleum Bhd reported a net profit of RM75.6 million for the quarter ended Sept 30, 2024, compared to RM154.3 million a year ago. Earnings per share dropped to 9.54 sen from 19.17 sen . Quarterly revenue fell 36.1% to RM477.4 million . Contributing Factors: Lower Selling Prices: Average selling price fell to US$83.55 per barrel , compared to US$96.94 in the same period last year. Production Decline: Production dropped 16.9% to 16,707 barrels of oil equivalent (boe) from 20,117 boe in 1QFY2024. Volume Reduction: Sales volume decreased by 17.9% , with 1.67 million boe sold versus 2.03 million boe previously. No Kinabalu Oil Sales: Crude oil sales from the Kinabalu assets were absent, with other assets in Peninsular Malaysia, North Sabah, and the UK also showing reduced volume and prices. Currency Impact: A strengthen