KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
From Gamuda’s 40-year water infrastructure win to CelcomDigi’s futuristic “Life” stores, these six companies made headlines on Bursa Malaysia today:
Gamuda (KL:GAMUDA)
Water infrastructure deal secured.
Gamuda + PKNPk JV will develop and operate RM5 billion worth of water treatment and distribution systems in Northern Perak for at least 40 years.
Bonus: Will supply water to Kerian Integrated Green Industrial Park and sell surplus to Penang.
Kawan Renergy (KL:KENERGY)
RM38.81 million contract awarded.
Secured a project from Gas Malaysia Energy Advance to build a gas turbine co-generation system at FGV IFFCO’s Port Klang facility.
Duration: 20 months | Payment: In stages by milestone.
Tan Chong Motor (KL:TCHONG)
UMA alert triggered!
Shares spiked 44% intraday to 83.5 sen — highest in nearly a year.
Closed up 36% at 79 sen with 29.6M shares traded. YTD gain: +92%
Bursa wants answers.
Pekat Group (KL:PEKAT)
Raising RM84.68 million via private placement.
Plans to issue 66.16 million new shares (~10% of share base) for commercial & industrial solar PV projects.
Target market cap: Over RM1 billion
Avaland (KL:AVALAND)
Phase 1 of Avalon project fully sold out.
166 units of Balinese-inspired homes snapped up at Cybersouth Township (GDV: RM151M).
Homes priced between RM784.6K – RM1.02M | Final landed residential in township.
CelcomDigi (KL:CDB)
Launched ‘Life’ stores at The Gardens & Sunway Pyramid.
Immersive 3,500 sq ft flagship outlets featuring Samsung and Disney zones.
“Store-within-a-store” concept — aims to redefine telco retail in Malaysia.
MoneyMaster Take:
Infrastructure plays (Gamuda, KENERGY) look solid on long-term visibility.
Tan Chong breakout might be sentiment-driven — watch for follow-up disclosures.
Pekat’s raise shows solar still shines bright on Bursa.
Avaland’s sold-out homes signal strength in mid-to-high-end landed property.
CelcomDigi’s retail revamp reflects growing emphasis on customer experience.
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