KUALA LUMPUR (March 20): Shares of GAMUDA BHD [] and MMC Corp Bhd rose in Tuesday’s afternoon session after their joint venture won the underground package for the Sungai Buloh-Kajang MRT line with the bid of RM8.2 billion.
At 3.11pm, Gamuda was up nine sen to RM3.71 with 8.66 million shares done while Gamuda-WD added eight sen to RM1.43. MMC rose nine sen to RM2.89 with 1.73 million shares done.
The FBM KLCI was 2.61 points higher at 1,576.21. Turnover was 1.55 billion shares valued at RM935.55 million. There were 268 gainers, 414 losers and 333 stocks were unchanged.
Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Tuesday it had awarded the package to the MMC-Gamuda JV because of the consortium’s strengths in design, CONSTRUCTION [] plant and tunneling equipment, tunneling and station construction methodology.
“The consortium also offered the most competitive price at RM8.2 billion to design and build the 9.5km MRT underground tunnel and seven underground stations,” it said.
At 3.11pm, Gamuda was up nine sen to RM3.71 with 8.66 million shares done while Gamuda-WD added eight sen to RM1.43. MMC rose nine sen to RM2.89 with 1.73 million shares done.
The FBM KLCI was 2.61 points higher at 1,576.21. Turnover was 1.55 billion shares valued at RM935.55 million. There were 268 gainers, 414 losers and 333 stocks were unchanged.
Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Tuesday it had awarded the package to the MMC-Gamuda JV because of the consortium’s strengths in design, CONSTRUCTION [] plant and tunneling equipment, tunneling and station construction methodology.
“The consortium also offered the most competitive price at RM8.2 billion to design and build the 9.5km MRT underground tunnel and seven underground stations,” it said.
