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Treasury-share resale is slightly bearish short-term due to 142.4m shares adding supply, but positive for IJM’s cash position—so I’d treat RM2.72–2.74 as an important market reference level, not a sell signal.
That supply jump confirm small pressure but long term the cash flow boost make that RM2.72 zone solid support so just hold steady and wait for the recovery.
Last round sold at 290 bf it tested 3.0 zone bf reversing. This round could test 3 and go beyond, all depends on operator and news outflow. Think few years high was 3.4++
