Thursday 28 Mar 2024
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KUALA LUMPUR (April 23): Shares in HeiTech Padu Bhd rose as much as 15.3% to its one-month high this morning as investors reacted positively to its RM19.89 million contract win from the National Registration Department (NRD).

At 10:21am, the counter pared some gains to 83 sen, up 10.67% or eight sen. This level means that it now has a market capitalisation of RM84.02 million. The stock had earlier reached a high of 86.5 sen. At the time of writing, the stock was the 18th top gainer on the local bourse.

In the past one month alone, the counter has surged 80.43%, but on a year-on-year basis, it has declined 6.74%.

In terms of volume, the counter saw 2.53 million of its shares traded, slightly above its 200-day average trading volume of 2.41 million shares.

The group announced that it had bagged the two-year hardware and software upgrade contract from the NRD yesterday, with the contract commencing May 1.

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