KUALA LUMPUR: KYM HOLDINGS BHD [] shares and its warrants skidded in early trade on Tuesday, Dec 14 but in thin trade after the recent rally on its participation in the Perak Industrial Park project.
At 9.32am, KYM was down 25 sen to RM2.75 with 63,000 shares done while KYM-WA shed 18 sen to RM2.16 with 45,000 units transacted.
The FBM KLCI inched up 0.32 of a point to 1,510.11. Turnover was 176.45 million shares valued at RM147.02 million. Gainers beat decliners 204 to 123 while 185 stocks were unchanged.
KYM announced on Monday it had accepted a RM585,911 contract from Vale Malaysia Manufacturing Sdn Bhd to build a jetty which will be part of the massive proposed iron ore distribution centre and pellet plant at Teluk Rubiah, Perak.
Investors could have been disappointed over the small contract sum for the jetty but the upside for KYM would be its bigger role in the venture with Brazil's Vale SA and the industrial park project to be developed with the Perak SEDC.
At 9.32am, KYM was down 25 sen to RM2.75 with 63,000 shares done while KYM-WA shed 18 sen to RM2.16 with 45,000 units transacted.
The FBM KLCI inched up 0.32 of a point to 1,510.11. Turnover was 176.45 million shares valued at RM147.02 million. Gainers beat decliners 204 to 123 while 185 stocks were unchanged.
KYM announced on Monday it had accepted a RM585,911 contract from Vale Malaysia Manufacturing Sdn Bhd to build a jetty which will be part of the massive proposed iron ore distribution centre and pellet plant at Teluk Rubiah, Perak.
Investors could have been disappointed over the small contract sum for the jetty but the upside for KYM would be its bigger role in the venture with Brazil's Vale SA and the industrial park project to be developed with the Perak SEDC.
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