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MYX:PCHEM 7 March 2026

Last Week on Bursa Malaysia: KLCI Edges Up as Petronas Chemicals Jumps, Oil Risks Loom

Last Week on Bursa Malaysia: KLCI Edges Up as Petronas Chemicals Jumps, Oil Risks Loom

Petronas Chemicals Group surged 22.2% last week, lifting the FTSE Bursa Malaysia KLCI to 1,718.06, up 1.45 points despite regional market declines. The KLCI held above 1,700 as Bank Negara Malaysia kept its policy rate at 2.75%. Broader indexes fell and financial shares dropped, but energy stocks rose. Weekly turnover increased to 17.29 billion units worth RM18.69 billion.
7 March 2026
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Stock Market Today

  • Pacific Biosciences (PACB) Shares Drop 6.67% Amid Mixed Earnings Outlook
    March 27, 2026, 7:54 PM EDT. Pacific Biosciences of California (PACB) shares fell 6.67% to $1.26, underperforming the S&P 500's 1.67% decline. The stock has lost 24.16% over the past month, trailing the Medical sector's 7.36% drop. Analysts expect earnings per share to fall 13.33% year-over-year to -$0.17, while revenue is projected to rise 10.36% to $41 million for the quarter. Full-year estimates forecast EPS of -$0.54 and revenue of $175.4 million. Despite recent declines, PACB holds a strong Zacks Rank #1 (Strong Buy), reflecting analyst optimism. The Medical - Instruments industry ranks in the top 39% by Zacks Industry Rank, indicating sector strength. Investors will watch upcoming earnings closely for clearer direction.
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