News by Surin Murugiah

At 9.29am, MRCB dipped 0.65% or 1 sen to RM1.53 with 4.27 million shares traded.

The building contractor said a total of 12,574 applications for 1.17 billion new shares valued at RM292.64 million were received from the Malaysian public for 26.76 million new shares that were made available for public subscription.

Shares of Mudajaya Group Bhd rose 7.91% this morning after RHB Retail Research said Mudajaya may climb higher after posting a long white candle and hitting its new 52-week high.

Malaysian Resources Corp Bhd (MRCB) fell 6.90% this morning in line with the retreat at the broader market after it proposed a one-for-one renounceable rights issue to pare down its borrowings and to finance the refurbishment of the national sports complex in Bukit Jalil.

Iskandar Waterfront City Bhd fell 3.7% in active trade this morning.

Shares in Iskandar Waterfront City Bhd (IWCity) rose in active trade this morning after Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again as long as the offer is right for the Malaysian government.

Eversendai said it has been executing projects in India from 2009 and has over the years meticulously learned the intricacies of doing business in the sub-continent.

Gadang Holdings Bhd rose 2.34% this morning after its joint venture company Gadang CRFG Consortium Sdn Bhd won a major traffic dispersion and improvement job from TRX City Sdn Bhd.

Iskandar Waterfront City Bhd shares recovered 4.35% in active trade this morning.

Iskandar Waterfront City Bhd (IWC) shares fell 23.61% from the negative vibes from the collapsed Bandar Malaysia deal.