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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Hong Kong IPO Market Reignites: Four Deals Seek US$626 Million in Post-Lunar New Year Rush

Hong Kong’s primary market is showing clear signs of revival. Four companies launched share offerings on Friday, aiming to raise up to  HK$4.9 billion (US$626 million)  combined — extending what is already the city’s strongest start to a year since 2021. A Strong Start to 2026 Hong Kong Exchanges and Clearing  has seen IPOs and secondary listings raise approximately  US$5.5 billion in January , the best January performance since 2021 (US$7.6 billion). The Lunar New Year pause is over — and deal flow is accelerating. Money Master Take This isn’t just about four IPOs. It’s about what reopening issuance tells you about capital markets. 1️⃣ Primary Market Confidence Is Returning When IPO pipelines reopen aggressively: Bankers sense demand Issuers believe valuations are acceptable Institutional money is deploying capital The fact that four deals launched simultaneously suggests  risk appetite has improved materially in Greater China equities . 2️⃣ Sector Positioning ...

Azam Jaya Surges 40% on Bursa Malaysia Debut

Azam Jaya Bhd , a Sabah-based construction firm , saw its stock soar 39.74% to RM1.09 on its debut on the Main Market of Bursa Malaysia , up from its initial public offering (IPO) price of 78 sen . The stock reached an intra-day high of RM1.16 , reflecting strong investor interest, with 68.3 million shares traded, making it the second most active counter of the day. At the closing price, Azam Jaya’s market capitalization was RM545 million . The firm, which specializes in road infrastructure projects in Sabah , has RM1.08 billion in unbilled contracts across eight projects. Proceeds from the IPO will fund working capital (RM28.4 million) , debt repayment (RM20 million) , and machinery upgrades . Azam Jaya aims to expand beyond Sabah, targeting Sarawak and Kalimantan as potential growth markets.

Crest Group Rises 13% on ACE Market Debut After RM82 Million IPO

Crest Group Bhd made its ACE Market debut, with shares rising 13% following its RM82.11 million initial public offering (IPO). The stock opened at 39.5 sen , compared to its IPO price of 35 sen per share , reaching a high of 40 sen before settling at 37 sen around 9:10 a.m. after more than 42 million shares were traded. At this price, Crest Group’s market capitalization stood at RM320 million .