logo
Bursa Malaysia closes mixed

Bursa Malaysia closes mixed

Focus Malaysia13 hours ago
BURSA Malaysia ended mixed today, with the benchmark index curtailing its recent rally as continued selling in selected heavyweights—led by Tenaga Nasional—limited gains, an analyst said.
The power utility company closed 58 sen or 3.97% lower at RM14.02, contributing a total of 5.80 points towards the benchmark index's decline, with 33.31 million shares traded.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped by 1.22 points, or 0.08 per cent, to 1,548.99 from Wednesday's close of 1,550.21.
The benchmark index opened 4.07 points lower at 1,546.14 and hovered between 1,540.35 and 1,548.99 throughout the day.
The broader market was broadly positive with 629 gainers trouncing 389 decliners, while 468 counters were unchanged, 902 untraded and 11 suspended.
Turnover rose to 5.09 billion units worth RM2.94 bil against 3.11 billion units worth RM2.38 bil on Wednesday. – July 3, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Econpile secures RM58m construction and supply contracts for Oasis Ara project
Econpile secures RM58m construction and supply contracts for Oasis Ara project

Malaysian Reserve

time10 hours ago

  • Malaysian Reserve

Econpile secures RM58m construction and supply contracts for Oasis Ara project

ECONPILE Holdings Bhd has clinched two contracts worth a combined RM57.95 million for construction and material supply works related to the Oasis Ara development in Ara Damansara, Selangor. In a filing with Bursa Malaysia, the company said its wholly owned subsidiary, Econpile (M) Sdn Bhd, received letters of award on July 2 from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd. The first contract, valued at RM27.99 million, was awarded by LFE Engineering for construction services involving alteration, underpinning, and strengthening works. The second, worth RM29.96 million, was awarded by LFE Innovative for the supply and delivery of materials for the same project. The contracts are scheduled to run for 21 months from June 30, 2025. Econpile said the awards are expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026 onwards. — TMR

LB Aluminium acquires Banting industrial property for RM22m
LB Aluminium acquires Banting industrial property for RM22m

Malaysian Reserve

time10 hours ago

  • Malaysian Reserve

LB Aluminium acquires Banting industrial property for RM22m

LB Aluminium Bhd is acquiring a 6.74-acre leasehold industrial property in Banting, Selangor, for RM22 million as part of a strategic move to enhance its asset base while monetising a portion of the deal through a debt offset arrangement. In a filing with Bursa Malaysia, the aluminium extrusion specialist said it is purchasing the property – which includes buildings — from Lucksoon Coatings Sdn Bhd. As part of the transaction, LB Aluminium will enter into a contra agreement to offset RM4.01 million in outstanding debt owed by Lucksoon Coatings' related company, Lucksoon Metal Works Sdn Bhd, against the purchase price. Upon completion of the acquisition, LB Aluminium will lease the property back to Lucksoon Metal Works under a three-year tenancy agreement. The company is currently occupying the site for its metal works and metal product trading operations. LB Aluminium said the property offers long-term capital appreciation potential due to its strategic location near Port Klang and Kuala Lumpur International Airport, with convenient access to major highways. The acquisition will be funded via a combination of internally generated funds and bank borrowings. — TMR

Econpile's unit secures contracts worth RM57.95mil for Ara Damansara project
Econpile's unit secures contracts worth RM57.95mil for Ara Damansara project

New Straits Times

time10 hours ago

  • New Straits Times

Econpile's unit secures contracts worth RM57.95mil for Ara Damansara project

KUALA LUMPUR: Econpile Holdings Bhd's wholly-owned subsidiary, Econpile (M) Sdn Bhd, has secured two contracts worth a combined RM57.95 million for a proposed development in Ara Damansara, Selangor. In a filing with Bursa Malaysia, the company said the construction services contract worth RM27.99 million was awarded by LFE Engineering Sdn Bhd, while a separate contract for the supply and delivery of materials worth RM29.96 million was awarded by LFE Innovative Sdn Bhd. The project involves design and build works for alteration, underpinning, and strengthening for the Oasis Ara development in Jalan PJU 1A/46, Ara Damansara. "The contract period is 21 months from June 30, 2025," Econpile said. The company said the contracts are expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026, onwards. "There are no foreseeable significant risks other than operational risk associated with the project during the contract period," it said, adding that management would implement control measures and procedures to manage such risks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store