Quick take: Yinson gains 2.33% on contract extension

KUALA LUMPUR: Shares of Yinson Holdings Bhd rose in active trading on Wednesday morning, after the company announced that it had secured a four-year extension of its floating production storage and offloading (FPSO) charter contract worth US$137.5mil (RM574.1mil).

The offshore oil and gas services provider rose 2.33%, or 12 sen to RM5.27, making it one of the top gainers on Bursa Malaysia. Year-to-date, it has appreciated by 26.8%.