Friday, 27 January 2012

IJM, Ahmad Zaki jump on contract wins

IJM Corp jumped 6.1 percent to RM5.78 in Kuala Lumpur trading at 9.30am, headed for its biggest increase since Sept. 28.

Ahmad Zaki Resources Bhd rallied 24 percent to 92 sen, bound for its steepest gain since February 2000.

The companies won contracts valued at RM1.74 billion to build parts of a mass rail network, according to an e-mailed statement from MRT Corp., which awarded the deals. -- Bloomberg



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