New high for Dagang NeXchange Bhd
KUALA LUMPUR: Shares of Iskandar Waterfront City (IWCity) surged early Tuesday, piling on more gains after hitting limit-up the previous day on investors’ hopes its parent company could be included in the Bandar Malaysia project.
At 9.06am, IWCity was up 29 sen to RM2.42 with 36.21 million shares done.
Another related company, construction-based Ekovest added two sen to RM1.36 while its warrants, Ekovest-WB rose three sen to RM1.09.
The FBM KLCI rose 6.61 points to 1,785.26. Turnover was 183.98 million shares valued at RM159.93mil. There were 213 gainers, 77 losers and 240 counters unchanged.
On Monday, IW City hit limit-up, surging 49 sen to RM2.13 with 201.73 million shares done as traders and retail investors chased up the stock again.
The Star reported Bandar Malaysia may see more changes to its equity structure – which may include the return of its original master developer IWH-CREC – after Prime Minister Datuk Seri Najib Tun Razak met with Chinese leaders in Beijing.
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