Tan Chong Motor hits near one-year high, gets UMA query from Bursa
The stock jumped as much as 25.5 sen or 44% to an intraday high of 83.5 sen today before closing at 79 sen, up 21 sen or 36% for the day, with over 29.6 million shares traded.
It was among the top gainers and most actively traded counters on Bursa Malaysia.
At the closing price, Tan Chong Motor is valued at RM530.88 million.
In its query, Bursa asked the Nissan distributor to clarify whether there are any unannounced corporate developments, negotiations, rumours or reports that could explain the unusual trading activity.
The company is also required to confirm compliance with disclosure obligations under listing rules.
Last week, Tan Chong announced that its wholly owned unit Tanahku Holding Sdn Bhd is disposing of a 3.194-acre land parcel on Jalan Putra to Avaland Bhd for RM148.8 million.
The group said proceeds will be used for working capital and future business opportunities. –TMR
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![MARKET PULSE AM JULY 18, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ150125HR016_%25283%2529_1752807620.jpg&w=3840&q=100)
![MARKET PULSE AM JULY 18, 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
an hour ago
- New Straits Times
MARKET PULSE AM JULY 18, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Enproserve Group made its debut on the ACE Market at 26 sen, reflecting an 8.3 per cent premium over its IPO price of 24 sen. In early trading, the counter saw 33.6 million shares changing hands. Bursa Malaysia opened on a positive note, taking its cue from Wall Street's upbeat performance overnight. The benchmark index is anticipated to trade within the range of 1,515 to 1,525 points. In the cryptocurrency market, Bitcoin is trading below the RM500,000 mark at approximately RM494,326, while Ethereum is hovering around RM14,680. That's it for Market Pulse. ZR58tCx6pYw
New Straits Times
2 hours ago
- New Straits Times
Bursa Malaysia opens higher, tracking Wall Street's positive performance
KUALA LUMPUR: Bursa Malaysia opened higher today, tracking Wall Street's overnight positive performance, boosted by improved economic data and quarterly earnings reports that exceeded consensus expectations. At 9.11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.49 points, or 0.36 per cent, to 1,526.43 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97. The broader market was positive, with gainers outpacing decliners 260 to 95, while 267 counters were unchanged, 1,836 untraded, and eight suspended. Turnover stood at 187.29 million shares worth RM128.20 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the United States' 10-year yield eased slightly to 4.453 per cent. "Over in Hong Kong, the Hang Seng Index ended marginally lower as traders are sidelined while waiting for fresh catalysts," he told Bernama. Back home, he said the FBM KLCI finally rebounded to above the 1,520 mark, possibly buoyed by stock accumulation by local institutions following days of downtrend. "For today, we expect the index to hover within the 1,515-1,525 range," he added. Among the heavyweight counters, Maybank and IHH Healthcare were 2.0 sen higher each at RM9.55 and RM6.55, respectively. Public Bank increased 1.0 sen to RM4.26, CIMB perked up 7.0 sen to RM6.57, and Tenaga Nasional reduced 4.0 sen to RM13.74. In active trade, ACE debutant Enproserve Group was 5.5 sen higher at 29.5 sen, NexG and Zetrix AI inched up half-a-sen each to 49.5 sen and 94 sen, respectively. KHPT added 1.5 sen to 13.5 sen, and Gamuda rose 12 sen to RM5.27. On the broader index board, the FBM Emas Index advanced 49.94 points to 11,475.11, the FBMT 100 Index climbed 49.74 points to 11,238.11, the FBM Emas Shariah Index appreciated 48.50 points to 11,522.47, the FBM 70 Index jumped 114.12 points to 16,658.16, while the FBM ACE Index ticked up 10.39 of a point to 4,646.37. By sector, the Financial Services Index put on 45.47 points to 17,347.82, the Energy Index edged up 2.16 points to 741.27, the Plantation Index rose 16.62 points to 7,447.16, and the Industrial Products and Services Index strengthened 0.47 of a point to 154.46.
Malay Mail
2 hours ago
- Malay Mail
KLCI opens higher above 1,520 as Wall Street rally lifts sentiment
KUALA LUMPUR, July 18 — Bursa Malaysia opened higher today, tracking Wall Street's overnight positive performance, boosted by improved economic data and quarterly earnings reports that exceeded consensus expectations. At 9.11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.49 points, or 0.36 per cent, to 1,526.43 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97. The broader market was positive, with gainers outpacing decliners 260 to 95, while 267 counters were unchanged, 1,836 untraded, and eight suspended. Turnover stood at 187.29 million shares worth RM128.20 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the United States' 10-year yield eased slightly to 4.453 per cent. 'Over in Hong Kong, the Hang Seng Index ended marginally lower as traders are sidelined while waiting for fresh catalysts,' he told Bernama. Back home, he said the FBM KLCI finally rebounded to above the 1,520 mark, possibly buoyed by stock accumulation by local institutions following days of downtrend. 'For today, we expect the index to hover within the 1,515-1,525 range,' he added. Among the heavyweight counters, Maybank and IHH Healthcare were 2.0 sen higher each at RM9.55 and RM6.55, respectively. Public Bank increased 1.0 sen to RM4.26, CIMB perked up 7.0 sen to RM6.57, and Tenaga Nasional reduced 4.0 sen to RM13.74. In active trade, ACE debutant Enproserve Group was 5.5 sen higher at 29.5 sen, NexG and Zetrix AI inched up half-a-sen each to 49.5 sen and 94 sen, respectively. KHPT added 1.5 sen to 13.5 sen, and Gamuda rose 12 sen to RM5.27. On the broader index board, the FBM Emas Index advanced 49.94 points to 11,475.11, the FBMT 100 Index climbed 49.74 points to 11,238.11, the FBM Emas Shariah Index appreciated 48.50 points to 11,522.47, the FBM 70 Index jumped 114.12 points to 16,658.16, while the FBM ACE Index ticked up 10.39 of a point to 4,646.37. By sector, the Financial Services Index put on 45.47 points to 17,347.82, the Energy Index edged up 2.16 points to 741.27, the Plantation Index rose 16.62 points to 7,447.16, and the Industrial Products and Services Index strengthened 0.47 of a point to 154.46. — Bernama
