Tuesday, 10 January 2012

Gamuda gains on rail bid report

Gamuda Bhd, a builder and property developer, rose to a one-week high in Kuala Lumpur trading after the Star newspaper reported that the company joined a consortium bidding to construct the Gemas-Johor Bahru electrified railway.

The stock gained 2.1 percent to RM3.48 at 9:20 a.m. local time, set for its highest close since Jan. 3. -- Bloomberg



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