WCT Shares Rise After Securing RM529 Mln Abu Dhabi Contract

KUALA LUMPUR, June 19 (Bernama) -- WCT Holdings Bhd’s shares rose on Friday after securing a sub-contract worth RM528.99 million for the construction of a commercial and residential development in Abu Dhabi, the United Arab Emirates (UAE).

KLCI Futures Open Lower

KUALA LUMPUR, June 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures opened lower on Bursa Malaysia Derivatives on Friday, tracking the underlying cash market performance. 

Bursa Malaysia Opens Lower On Profit-taking

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia opened lower on Friday as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street.

CPO Futures Close Mostly Lower On Weaker Soybean Oil, Crude Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, June 18 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower on Thursday, pressured by weaker soybean oil and crude oil prices, a trader said.

ACE Market-bound RT Pastry's IPO Oversubscribed By 59.96 Times

KUALA LUMPUR, June 18 (Bernama) -- RT Pastry Holdings Bhd’s initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.

Aizo's Unit Secures RM346.19 Mln Islamic Financing Facilities To Support Solar Project In Kampar 

KUALA LUMPUR, June 18 (Bernama) -- Aizo Group Bhd’s subsidiary, Wawasan Demi Sdn Bhd, has secured Islamic financing facilities of up to RM346.19 million from Bank Pembangunan Malaysia Bhd (BPMB). 

WCT Secures RM529 Mln UAE Construction Sub-contract

KUALA LUMPUR, June 18 (Bernama) -- WCT Holdings Bhd has secured a sub-contract worth 479 million United Arab Emirates dirham (AED) or RM528.99 million for the construction of a commercial and residential development in Abu Dhabi, the United Arab Emirates (UAE).

Gold Futures Close Lower As Hawkish Fed Lifts US Dollar

By K. Naveen Prabu

KUALA LUMPUR, June 18 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Thursday as a hawkish outlook by the United States Federal Reserve (Fed) boosted the US dollar and weighed on demand for the precious metal.

Buying In Consumer Stocks Helps Bursa Malaysia Close Slightly Higher

By Siti Noor Afera Abu

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets.

SRKK AI Aims To Raise RM20.48 Mln From IPO For Strategic Growth Initiatives In AI

KUALA LUMPUR, June 18 (Bernama) -- SRKK AI Bhd aims to raise RM20.48 million in proceeds from its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd, primarily for strategic growth initiatives in Artificial Intelligence (AI).

Capital Market Can Bridge SME Financing Gap For R&D, Expansion -- Bursa Malaysia

GEORGE TOWN, June 18 (Bernama) -- Small and medium enterprises (SMEs) should consider tapping the capital market to finance research and development (R&D) and business expansion that may not be fully supported through conventional bank financing, said Bursa Malaysia Bhd.

SunCon’s Johor Data Centre Substation Contract Value Rises To RM865.6 Mln

KUALA LUMPUR, June 18 (Bernama) -- Sunway Construction Group Bhd’s wholly-owned subsidiary, Sunway Construction Sdn Bhd, has accepted change orders to the Project Services Requests for the construction and completion of substations for two data centre projects in Johor.