KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 4.10 points or 0.24 per cent to 1,683.63 compared with Thursday's close of 1,679.53. The key index opened 5.34 points stronger at 1,684.87 earlier today and moved between 1,679.72 and 1,685.39 throughout the session. Market breadth was negative, with losers leading gainers 533 to 479, while 561 counters were unchanged, 1,130 untraded and 33 suspended. Turnover fell to 2.79 billion units worth RM2.31 billion from 3.32 billion units worth RM2.88 billion yesterday.
Here are the highlights from Friday’s corporate news flow:
Globetronics Defends RM45m Mpire Buy
Globetronics Technology (KL:GTRONIC) justified its RM45.05 million acquisition of loss-making Mpire Global (KL:MPIRE), calling it a strategic diversification move. The deal gives Globetronics a foothold in fleet management and logistics-enabled services as part of its long-term transformation plan.
Ecobuilt Secures RM35m Shah Alam Project
Ecobuilt Holdings (KL:ECOHLDS) won a RM34.65 million contract to build a 25-storey serviced apartment block with 264 units in Shah Alam. Construction starts July 2025 and is slated for completion by May 2027.
CTOS Digital 2Q Profit Down 17%
Credit information provider CTOS Digital (KL:CTOS) reported a net profit of RM21.16 million, down from RM25.5 million a year ago, citing higher depreciation and operational costs. EPS slipped to 0.9 sen.
Salcon Deputy Chairman Buys Into Eduspec
Tan Sri Tee Tiam Lee, executive deputy chairman of Salcon (KL:SALCON), emerged as a substantial shareholder of Eduspec Holdings (KL:EDUSPEC) with a 7.86% stake via private placement, acquiring 111.1 million new shares.
Sapura Energy Wins RM500m Thailand Contracts
Sapura Energy (KL:SAPNRG) secured contracts worth over RM500 million from Chevron for offshore installation and subsea maintenance works in Thailand, scheduled through 2026. Additional subsea service orders came from PTT Exploration and Production.
TNB Gets Hit with Another RM840m Tax Bill
Tenaga Nasional (KL:TENAGA) received an RM840.13 million additional tax assessment for YA 2022. The utility giant is evaluating legal options following a similar case for YA 2018.
Rhone Ma Bags Dairy Plant Job
Rhone Ma Holdings (KL:RHONEMA) clinched a RM15.64 million contract to build a milk processing line at Jemaluang Dairy Valley in Johor, awarded by a JV between A2 Fresh Holdings and Kulim (Malaysia) Bhd.
ETA Boosts Stake in Rex Industry
ETA Industries increased its holding in Rex Industry (KL:REX) to 55.04% after closing its mandatory takeover offer, up from 52.22%.
Ekovest Extends RM1.15b Credence Deal
Ekovest (KL:EKOVEST) and major shareholder Tan Sri Lim Kang Hoo extended the deadline to Aug 29 to finalise their RM1.15 billion acquisition of Credence Resources.
Jentayu Sabah Hydro Project Still on Track
Jentayu Sustainables (KL:JSB) said its 162MW Hulu Sungai Padas hydro project in Sabah remains on schedule despite Sumitomo Corporation pulling out of the partnership.
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