KUALA LUMPUR (June 25): Handal Resources Bhd shares fell 5.3% in active trade at mid-morning today and erased earlier gains.
At 11am, Handal fell 2.5 sen to 45 sen with 17 million shares traded.
The stock had earlier started the morning on a positive note after its joint venture (JV) bagged a seven-year contract worth RM360 million from Petronas Carigali Sdn Bhd.
Yesterday, Handal said the JV, Borneo Seaoffshore-Handal JV, was awarded the job of providing water injection module supply on mobile offshore unit.
Handal said the contract is to commence from March 2020, with an extension option of a further three years.