KUALA LUMPUR: IJM Land Bhd and its warrants fell in early trade on Thursday, Dec 30 as investors took profit following the run-up following the proposed merger with MALAYSIAN RESOURCES CORP [] Bhd (MRCB).
At 9.23am, IJM Land fell 20 sen to RM3.04 with 365,100 shares done. Its warrants, IJM Land-WA lost 18 sen to RM1.71 with 7.25 million units transacted.
However, the FBM KLCI rose 4.41 points to 1,528.75. Turnover was 137.41 million shares done valued at RM100.66 million. There were 216 gainers, 67 losers and 167 stocks unchanged.
The shares had run up in recent weeks after the announcement of the proposed merger.
IJM Land's parent, IJM CORPORATION BHD [] is poised to transform into an integrated infrastructure and property giant, following the proposed union between IJM Land-MRCB.
Analysts had said with the backing of the Employees Provident Fund as a major shareholder, IJM Corp is anticipated to have plenty on its plate given a prolific job pipeline domestically and regionally - ranging from'' mega township development to even more toll highway projects.
At 9.23am, IJM Land fell 20 sen to RM3.04 with 365,100 shares done. Its warrants, IJM Land-WA lost 18 sen to RM1.71 with 7.25 million units transacted.
However, the FBM KLCI rose 4.41 points to 1,528.75. Turnover was 137.41 million shares done valued at RM100.66 million. There were 216 gainers, 67 losers and 167 stocks unchanged.
The shares had run up in recent weeks after the announcement of the proposed merger.
IJM Land's parent, IJM CORPORATION BHD [] is poised to transform into an integrated infrastructure and property giant, following the proposed union between IJM Land-MRCB.
Analysts had said with the backing of the Employees Provident Fund as a major shareholder, IJM Corp is anticipated to have plenty on its plate given a prolific job pipeline domestically and regionally - ranging from'' mega township development to even more toll highway projects.
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