KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
NexG, Avaland, Ho Hup, Atlan, Propel Global, Sarawak Cable, Jasa Kita, Enproserve in Focus
Here’s your investor wrap on 8 Malaysian stocks making headlines:
NexG (KL:NEXG)
RM28.5M Deal to Supercharge Production
NexG (formerly Datasonic) is acquiring an industrial property in Petaling Jaya to consolidate R&D, design, and manufacturing under one roof — boosting efficiency and output.
Avaland (KL:AVALAND)
Snaps Up Prime KL Land for RM148.8M
In its second deal with Tan Chong this month, Avaland bought a 3.2-acre site near PWTC LRT for a RM900 million GDV mixed-use project — a strategic move for KL commercial real estate.
Ho Hup (KL:HOHUP)
RM23.7M Tax Arrears Trigger Liquidation
Subsidiary Bukit Jalil Development faces winding-up action from the tax authority due to unpaid taxes. The unit has been in voluntary liquidation since May.
Atlan (KL:ATLAN)
Profit Drops 40%, But Dividend Goes Up
Q1FY2026 net profit slumps to RM3.06M, its lowest in 3 years — but shareholders get a surprise: interim dividend raised to 5 sen/share (from 1 sen).
Propel Global (KL:PGB)
Private Placement to Raise RM6.57M
The O&G firm plans to issue 10% new shares to fund working capital — RM2M for bank guarantees, RM4.48M for admin costs like wages and rent.
Sarawak Cable (KL:SCABLE)
Delisting on July 15 Confirmed
Failed to submit its PN17 regularisation plan — SCABLE will continue operations but as a private, unlisted entity. Shareholders remain on record.
Jasa Kita (KL:JASKITA)
Trading Suspended Pending News
Suspension starts July 11. Stock has surged 21% this week. Market awaits major announcement — possibly restructuring or M&A related.
Enproserve (KL:ENPRO)
IPO Oversubscribed Ahead of July 18 Listing
Set to debut on the ACE Market. Retail portion (52.5M shares at RM0.24) was oversubscribed by 0.43x — strong retail interest for the industrial services player.
Investor Note:
Keep your eyes on these movers — from RE asset plays and M&A action to restructuring risks and IPO pops, the local market is alive with stories worth tracking.
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