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Tuesday, 6 October 2026

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SLGC Falls 12.5% After Flat ACE Market Opening Following RM47.04 Million IPO

SLGC opened at its 28 sen IPO price before falling 12.5% to 24.5 sen in early ACE Market trading, following a RM47.04 million listing exercise.

By Abigail Cheong4 min read

Kuala Lumpur, 6 October 2026 – Construction services provider SLGC made a subdued debut on Bursa Malaysia’s ACE Market on Tuesday, opening unchanged from its initial public offering price before falling as much as 14.3% in early trading.

The shares opened at 28 sen, matching the IPO price and marking their intraday high, before falling to as low as 24 sen.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.