PETALING JAYA: ACE Market-listed information technology company Sterling Progress Bhd was one of the most actively traded counters of the day, with shares closing 58.33% or 7 sen higher to 19 sen on the back of a potential new business stream and shareholder entering the company, said sources.
This was made more evident when a block of 10 million shares in Sterling Progress Bhd, (the company formerly known as 1 Utopia Bhd) was crossed yesterday at a price of 20 sen, representing a 4% stake in the company. The price represented a 5.26% premium to the stock’s closing of 19 sen.
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