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Bursa Opens Slightly Higher As iCents Leads Active Trades

Bursa Opens Slightly Higher As iCents Leads Active Trades

BusinessToday17-07-2025
Bursa Malaysia opened marginally higher on Thursday, supported by modest gains in key indices and strong debut interest in iCents Group Holdings.
At 9.04 am, the benchmark FBM KLCI edged up 1.77 points to 1,513.27, reflecting cautious optimism amid mixed regional sentiment. Broader market indices also opened in positive territory, with the FBM 70 rising 0.15% to 16,546.64 and the FBM EMAS advancing 0.11% to 11,383.32.
Leading the most active list was iCents, which saw robust interest in its ACE Market debut. The stock traded at RM0.280, up 16.7% from its IPO price of RM0.24, with over 544 million shares exchanging hands within minutes of market opening.
Meanwhile, other actively traded stocks included TWL Holdings, Esceram, and NexG, though most were flat or saw minor movements.
Investors are watching global markets closely amid ongoing uncertainty over US interest rate policy and China's slower-than-expected economic recovery, which continues to influence short-term sentiment across Asia. Related
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The key is doing both simultaneously, which is aptly captured by the metaphor of a tree. The tree of ambidexterity: Rooting stability, reaching for renewal A healthy tree has roots that represent the core (70%) of stable sectors and institutions that deliver services, dividends and reliability. The trunk or stump (20%) supports adjacent growth areas that connect the core to future possibilities. The branches (10%) are fragile and risky, but essential for upward growth and renewal. Thriving economies and institutions maintain these ratios, which reflects the thinking of Michael Tushman and Charles O'Reilly – pioneers of the organisational ambidexterity theory on how to exploit existing strengths while exploring new frontiers. At Khazanah, this philosophy guides how capital is allocated, both across exploit and explore activities. At the core 70%, we manage strategic holdings that benefit all Malaysians. 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