KUALA LUMPUR: Shares of CypARK RESOURCES BHD [] were among top five gainers in anticipation of the launch of its integrated renewable energy plant in Negeri Sembilan next month.
At 3.52pm, it was up 21 sen to RM2.09 with 3.27 million shares done.
The FBM KLCI was up 1.38 points to 1,558.53. Turnover was 1.43 billion shares valued at RM1.11 billion. The broader market turned cautious, with 453 losers to 320 gainers and 339 stocks unchanged.
To recap, The Edge Financial Daily reported on Feb 16 that Cypark’s group CEO Daud Ahmad had targeted that the group would derive 60% of its contributions from renewable energy starting 2013.
The plant in Pajam, Negeri Sembilan that would be fully operational in 2013 will be able to produce 15MW of electricity, 13MW from solar and 2MW from biogas.
The group which specialises in landscaping and landfill rehabilitation are also planning to open another six solar farms in Pahang, Negeri Sembilan, Perlis and Johor by the end of this year.
Cypark would be holding a briefing Monday evening at its plant in Pajam on its progress.
At 3.52pm, it was up 21 sen to RM2.09 with 3.27 million shares done.
The FBM KLCI was up 1.38 points to 1,558.53. Turnover was 1.43 billion shares valued at RM1.11 billion. The broader market turned cautious, with 453 losers to 320 gainers and 339 stocks unchanged.
To recap, The Edge Financial Daily reported on Feb 16 that Cypark’s group CEO Daud Ahmad had targeted that the group would derive 60% of its contributions from renewable energy starting 2013.
The plant in Pajam, Negeri Sembilan that would be fully operational in 2013 will be able to produce 15MW of electricity, 13MW from solar and 2MW from biogas.
The group which specialises in landscaping and landfill rehabilitation are also planning to open another six solar farms in Pahang, Negeri Sembilan, Perlis and Johor by the end of this year.
Cypark would be holding a briefing Monday evening at its plant in Pajam on its progress.
