Friday 29 Mar 2024
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KUALA LUMPUR (May 3): Bina Puri Holdings Bhd jumped as much 4.5 sen or 11% after The Edge Malaysia business and investment weekly (Edge Weekly) reported the builder could grab the RM1 billion Kota Kinabalu bus rapid transit (BRT) system contract.

Quoting sources, Edge Weekly in its latest May 2 — 8 issue reported Bina Puri and government-owned Prasarana Malaysia Bhd “have more or less obtained the green light from Sabah for the BRT in its capital city and are now waiting for the thumbs-up from the federal government.”

At Bursa Malaysia today, Bina Puri shares rose to their highest at 45 sen. At 10:33 am, the shares pared gains at 43.5 sen before trading at 42 sen at 11:13am.

At 42 sen, Bina Puri a has market value of RM100.13 million.

Trading volume was about three million shares, as Bina Puri bucked broader market losses.     

At 11:37am, the FBM KLCI fell 19.62 points to 1,653.10. Malaysian markets resumed trading today, following the Labour Day holiday yesterday (May 1).

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