Sunway Construction closes unchanged on first trading day

KUALA LUMPUR: Sunway Construction Group Bhd ended its first trading day flat at RM1.20 on Tuesday due to the weaker domestic market sentiment and jittery China markets.

At 5pm, the KLCI was down 10.06 points or 0.59% to 1,699.70. Turnover rose to 2.14 billion shares valued at RM2.25bil. Decliners beat advancers more than three to one with 726 losers to 197 gainers.

Sunway Construction rose to a high of RM1.32 earlier but gave up all the gains towards the close. It saw 158.65 million shares done.

RHB Investment Bank, which was the stabilising manager, bought 4.14 million shares at RM1.20 per share. This was under the Section 9(2) of the Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008.