Stock Market In The Negative Territory As Decliners Dominate Market
A total of 754 counters fell, while 260 advanced and 466 remained unchanged. Another 944 counters were untraded and 19 were suspended.
Trading activity picked up slightly, with turnover rising to 3.57 billion shares worth RM2.49 billion, up from 3.43 billion shares valued at RM2.47 billion on July 4.
Despite the overall weakness, a few counters posted notable gains. Carlsberg Brewery Malaysia Bhd led the top gainers list, rising 28 sen to RM19.20, followed by Ajinomoto (M) Bhd, which added 14 sen to RM13.00. Timberwell Bhd jumped 13.5 sen to 38 sen, while Kuala Lumpur Kepong Bhd and Solarvest Holdings Bhd gained 12 sen and 7 sen to close at RM20.94 and RM2.20, respectively.
On the flip side, Nestlé (M) Bhd topped the losers' list, falling 42 sen to RM77.10, while Malaysian Pacific Industries Bhd dropped 38 sen to RM22.28. Allianz Malaysia Bhd slid 30 sen to RM18.40, followed by Fraser & Neave Holdings Bhd and Tenaga Nasional Bhd, both down 26 sen to close at RM28.80 and RM13.80, respectively.
Investors remained cautious amid ongoing global economic uncertainties and a lack of fresh domestic catalysts, keeping the market under pressure. Related
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The Sun
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- The Sun
Only six foreigners allowed in matchday line-up under new MFL rule
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8 hours ago
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Inflation likely to be under control
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Econpile secures RM27mil piling contract in Selangor
KUALA LUMPUR: Construction firm Econpile Holdings Bhd has secured a RM27 million contract for piling and pile cap works for two 37-storey serviced apartment blocks in Kelana Jaya, Selangor. In a filing with Bursa Malaysia today, the company said the contract was awarded to its wholly owned subsidiary, Econpile (M) Sdn Bhd, by Bayu Melati Sdn Bhd. The project, located at Lot 72699, Off Jalan SS8/6, comprises 1,155 apartment units and is scheduled for completion within 12 months from July 14, 2025. Econpile said the contract is expected to contribute positively to its revenue and earnings for the financial year ending June 30, 2026. "There are no foreseeable significant risks beyond the usual operational risks during the contract period," it noted, adding that mitigation measures would be in place to minimise potential impacts. The company also confirmed that none of its directors, major shareholders, or connected persons have any interest in the project.
