Monday, December 13, 2010

KYM surges beyond RM3 on industrial park plan

KUALA LUMPUR: Shares of KYM HOLDINGS BHD [] surged in early trade on Monday, Dec 13 on plans to develop an industrial park with the Perak State Economic Development Corporation.

At 9.38am, it was up 11 sen to RM2.98. It was off its early high of RM3.06.

The FBM KLCI rose 4.88 points to 1,512.16. Turnover was 212.17 million shares valued at RM192.04 million. There were 250 gainers, 138 losers and 168 stocks unchanged.

The Edge weekly reported KYM is going big on the development of an industrial park with the Perak SEDC.

Plans are already under way to bring in downstream iron and steel players that are clients of Brazilian mining giant Vale International SA, the report said.


No comments:

Post a Comment