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KLCI closes up nearly 0.9% year-to-date

KUALA LUMPUR: The FBM KLCI ended the first half of 2014 on Monday just up 0.87% year-to-date (YTD) as it trailed behind the Asean counterparts, but managing to fare better than Japan and China markets.

KLCI stays in red at midday (Update)

KUALA LUMPUR: The FBM KLCI stayed in the red at midday on Monday, with losses in Public Bank continuing to weigh on the 30-stock index while the broader market was also weaker.

KLCI kicks off new week on weak note

KUALA LUMPUR: Malaysia's blue chips fell early Monday, dragged down by losses in Public Bank - which was the sixth straight day of decline - while Main Market debutant Econpile was off its early best.

Firm debut for Econpile on Main Market (Update)

KUALA LUMPUR: Econpile Holdings Bhd made a firm debut on the Main Market of Bursa Malaysia on Monday when it opened at 66 sen, which was 12 sen above price of 54 sen.

BIMB Research has Buy on Econpile, TP 73 sen

KUALA LUMPUR: BIMB Securities Research has a target price of piling specialist Econpile Holdings with a target price of 73 sen, which is an upside of 34.4% above its offer price of 54 sen.

Econpile public portion shares oversubscribed

PETALING JAYA: Econpile Holdings Bhd’s initial public offering (IPO) of 27 million shares for public subscription was oversubscribed by 35.4 times.

Ample liquidity

The Malaysian market is brimming with investment dollars looking for opportunities. Just look at the amount of demand outstripping supply in new issues on the stock market. Piling and foundation specialist Econpile Holdings Bhd said there was over half a billion ringgit worth of offers to subscribe to its public portion of IPO shares that amounted to a mere RM14.6mil.

Econpile Holdings public tranche oversubscribed 35 times

KUALA LUMPUR: Econpile Holdings Bhd's public tranche of 27 million shares under its initial public offer was oversubscribed by 35.4 times.

Econpile to focus on expanding market share

KUALA LUMPUR: Piling and foundation specialist, Econpile Holdings Bhd, en route to a listing on the Main Market of Bursa Malaysia, plans to use 30% of the proceeds to purchase machinery and equipment to expand its market share.

Econpile to raise RM48.6mil from IPO (Update)

KUALA LUMPUR: Pilling and foundation specialist Econpile Holdings Bhd plans to raise RM48.6mil from its initial public offering (IPO) exercise.