Registration No. 200301030845 (633265-K) - 144 - 38. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (c) Market price risk Market price risk is the risk that the fair value or future cash flows of the Group’s and the Company’s financial instruments will fluctuate because of changes in market prices (other than interest or foreign exchange rates). The Group and the Company are exposed to equity price risk arising from its investment in quoted instrument. This investment is listed on Bursa Malaysia and is classified as fair value through profit or loss. Management of the Group and the Company monitors the value of the equity investments by considering the movements in the quoted price. The buy and sell decisions are approved by the Risk Management Committee of the Group. Market price risk sensitivity analysis At the reporting date, if the stock indices had been 10% higher/lower, with all other variables held constant, the Group’s and the Company’s loss before tax would have been RMNil (30.06.2024: RMNil) lower/higher, arising as a result of higher/lower fair value gain on held for trading investment in equity instrument. DESTINI BERHAD ANNUAL REPORT 2025 227
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