(Updated)

NCT Alliance to be classified as property stock from Jan 10

NCT Alliance to be classified as property stock from Jan 10
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KUALA LUMPUR (Jan 5): NCT Alliance Bhd (formerly known as Grand-Flo Bhd) will be classified as a property stock from Jan 10.

The counter is currently classified under the technology sector.

The update in the classification of sector was made at the company’s request, said Bursa Malaysia Securities in a statement.

The stock number and stock short name for NCT’s shares remain unchanged.

Bursa Securities said classification updates are based on factors like changes in business activity for the company and core business activity contribution to company’s financial results. 

Shares in NCT Alliance settled one sen or 1.90% lower at 52 sen on Wednesday (Jan 5), valuing the company at RM458.03 million.

S Kanagaraju