SHARES of Lingkaran Trans Kota Holdings Bhd (Litrak) closed 7 sen higher at RM2.41 yesterday on volume of 35,500 units as they continued their steady recovery from recent lows.
An analyst with AmResearch said the slide in Litrak's share price over the past two months could be attributed to investors' negative reaction to the widening losses of its 50% joint venture with Sistem Penyuraian Trafik KL Barat (SPRINT) and provisions or write-offs for the Fastrak electronic toll collection system.
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