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Daily Market Brief | 10 September 2026

Oil breaks US$100, Wall Street retreats and bond yields rise, inflation is becoming the market’s biggest risk again Global markets are starting Thursday in a more defensive position.  Brent crude has broken above US$100 a barrel , U.S. Treasury yields are pushing higher, and Wall Street fell for a third straight session as investors reassess whether central banks may need to keep tightening rather than easing. For Malaysian investors, the key chain today is increasingly clear: Oil → inflation → interest rates → bond yields → USD/MYR → Bursa valuations. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,636.36, -0.48% 🇺🇸 Dow Jones 52,380.66, -0.77% 🇺🇸 Nasdaq 26,253.34, -0.64% 🇲🇾 FBM KLCI 1,714.34, virtually flat 💵 USD/MYR ~4.06 🇺🇸 U.S. 10Y Treasury ~4.84% 🇺🇸 U.S. 2Y Treasury ~4.42% 🥇 Gold ~US$4,396/oz 🛢️ Brent crude US$101.21/bbl 🛢️ WTI crude US$96.05/bbl ₿ Bitcoin ~US$79,300 🇯🇵 Nikkei ~64,760, -0.6% this morning Brent jumped about  3.4% Wednesda...
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Econpile Wins RM71.2 Million Contract for Basement Works in Downtown Kuala Lumpur

Econpile Holdings Bhd has been awarded a RM71.2 million contract to perform demolition, substructure, and basement work for a 55-story building along Jalan Sultan Ismail, Kuala Lumpur. The contract was granted to its wholly-owned subsidiary, Econpile (M) Sdn Bhd, by Platinum Victory Property Sdn Bhd, as per the company's filing with the local stock exchange.

Key Details:

  1. Project Scope and Timeline: The project involves comprehensive demolition, substructure, and basement work and is expected to be completed within 28 months, starting from September 2, 2024.

  2. Financial Impact: Despite being in the red for twelve consecutive quarters, Econpile expects this new contract to positively impact its revenue and earnings beginning in the financial year ending June 30, 2025. The company's net loss widened to RM25.2 million for the fiscal year ending June 30, 2024, from RM15.7 million the previous year, despite an 11.1% increase in revenue to RM417.6 million.

  3. Market Reaction: Shares in Econpile rose by 1.5 sen, or 3.8%, to close at 41 sen on Monday, giving the company a market capitalization of RM573.91 million.

The new contract offers a potential turnaround opportunity for Econpile, providing a boost to its financial performance in the upcoming years.

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