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IWCity active, falls 2.9% in line with market retreat

Mimi Sabreena 3:14:00 PM Informasi

KUALA LUMPUR (Aug 9): Iskandar Waterfront City Bhd (IWCity) shares dropped 2.9% in a heavy volume at the midday break today, in line with the retreat at the broader market and possibly due to profit taking by investors after closing at RM1.38 yesterday on talk of a new Bandar Malaysia deal.

At 2.10pm, IWCity fell 4 sen to RM1.34 with 10.31 million shares changing hands, for a market capitalisation of RM1.12 billion.

The stock opened at RM1.39 and hit an intraday low of RM1.33 shortly after the opening bell. Year to date, the stock has gained nearly 67%.

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