Bursa slips at mid-morning as decliners outnumber gainers
The FBM KLCI was down 0.96 points at 11 am, with turnover reaching RM998.32 million.
Bursa Malaysia announcements, listings, company results and market news.
The FBM KLCI was down 0.96 points at 11 am, with turnover reaching RM998.32 million.
Early trading saw 293 counters decline and 125 advance, with turnover valued at RM130.24 million.
The purchase covered approximately 2.25% of the miner’s issued shares, with managing director Datuk Sri Pek Kok Sam selling the stake.
The unnamed customer is a Malaysian subsidiary of a US-based company, with the contract covering Phase 1 of a four-phase development.
About 142 million shares were sold for RM11.6 million, while Wong remains the company’s sole substantial shareholder.
The Selangor project has a potential value of RM36.15 million excluding SST, but its second stage requires a further written award.
The seven-year arrangement covers equipment and support services for a planned specialist healthcare centre in Petaling Jaya, subject to approvals and other conditions.
Construction started in September 2026, with the two high-voltage facilities expected to be completed by August 2027.
The contract lifts IJM Construction’s outstanding order book to RM10.6 billion, with work scheduled to begin in the fourth quarter of 2026.
The five-year subscription and maintenance agreement is expected to run from Sept 1, 2027 to Aug 31, 2032.