Dealers said expectations of a recovery in the global chips market, fuelled by positive news from the US, were largely behind the buying interest in the stock of late.
Also, MPI's recently-announced third-quarter results suggested that the worst may be over for Malaysia's largest contract chip maker.
Volume was heavy, with 4.4 million shares changing hands.
A construction industry analyst said MTD Infra, which holds the concession for the East Coast Highway project, would appeal to investors looking for defensive stocks, given the company's good recurring income prospects once the highway is completed in 2004.
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