Strong ACE debut for Signature Alliance
KUALA LUMPUR: Signature Alliance Group Bhd saw a firm start on its ACE Market debut after raising RM161 million from its initial public offering (IPO).
The interior fit-out firm opened at 68 sen, above its IPO price of 62 sen, and climbed to an intraday high of 69.5 sen. As of 9.15am, the stock was trading at 67 sen, an 8 per cent premium, with more than 35 million shares changing hands.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![MARKET PULSE AM JUNE 10, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
4 hours ago
- New Straits Times
MARKET PULSE AM JUNE 10, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Paradigm REIT opened flat on its Main Market debut today, unchanged against its IPO price of RM1 per unit. In early trade, the REIT moved within a narrow range, between 99.5 sen and RM1.02, with over 11 million units changing hands. Bursa Malaysia saw choppy trading earlier today, tracking Wall Street's mixed performance amid ongoing caution over the outcome of US-China trade talks. The FBM KLCI is expected to trend within the 1,515 to 1,525 range. In the cryptocurrency market, Bitcoin climbed to RM462,888. Ethereum and Solana have followed suit, trading at RM11,374 and RM676, respectively. That's it for Market Pulse.
Free Malaysia Today
5 hours ago
- Free Malaysia Today
Bursa opens flat with most traders on sidelines
KUALA LUMPUR : Bursa Malaysia traded flat at the opening today as traders mostly stayed on the sidelines amid the prevailing market uncertainty, while awaiting the outcome of trade negotiations between China and the US. At 9.06am, the FTSE Bursa Malaysia KLCI (FBM KLCI) tilted down 0.19 of a point to 1,519.22 from Monday's close of 1,519.41. The benchmark index opened at 1,519.71, higher by 0.30 of a point. The broader market was negative, with decliners outpacing gainers 123 to 109. A total of 232 counters were unchanged, 1,905 untraded and 11 suspended. Turnover stood at 105.27 million units, valued at RM53.92 million. MORE TO COME
New Straits Times
a day ago
- New Straits Times
PT Resources calls for trading halt, announces new coconut processing facility in China
KUALA LUMPUR: Trading of ACE Market-listed PT Resources Holdings Bhd (PTRB) shares was halted for one hour today, from 9.00 am to 10.00 am, following the announcement of a new coconut processing facility in China. In a separate filing with Bursa Malaysia, PTRB stated that the facility will be established under its wholly-owned subsidiary, Fujian HJS International Holdings Co Ltd. The facility is located in the China-Indonesia Food Industrial Park in Fuqing City, Fujian Province, China. PTRB, which is primarily involved in the processing and trading of frozen seafood, as well as the trading of meat and non-meat products, is now expanding its food processing capabilities to include coconut-based products. The group is investing approximately RM17 million (RMB29 million) in the new facility, with the investment fully funded through internally generated funds. PTRB managing director Heng Chang Hooi said the company is actively exploring business-to-business collaborations with Chinese distributors and manufacturers. He said these include opportunities for private-label production and original equipment manufacturer (OEM) services as part of its localisation strategy. "We also aim to leverage Fujian's export infrastructure to access ASEAN markets and will participate in trade exhibitions such as the China Food and Drinks Fair," he said. Trial production at the coconut processing facility is currently underway, with commercial operations expected to commence by mid-June 2025. As of 10.47 am, PTRB shares were trading flat at 33 sen, with 10,000 shares changing hands.
