Gamuda plunges 22%, MMC Corp fell 11% on MMC-Gamuda contract termination


KUALA LUMPUR: Gamuda Bhd fell 22% in early trade Monday after the Government cancelled MMC-Gamuda’s contract for MRT2’s underground portion

Gamuda, the top losers, fell 22.12%, or 71 sen to RM2.50 with over nine million shares traded in early trade.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Gamuda

Next In Business News

Powerwell secures RM190.4mil data centre equipment orders in Johor
Ringgit ends higher against US dollar on improved market sentiment
Inspace Creation secures RM34.75mil commercial renovation job
Dialog secures PETRONAS approval for US$81mil RAJA field development
Focus Lumber defers harvesting activities to 1Q27 amid higher operating costs
Ecomate secures RM16.66mil software licence order
Southern Score wins RM40mil data centre job
Bursa Malaysia snaps three-day losing streak, tracks regional gains
Vessels trickle through Strait of Hormuz as Middle East conflict persists
Bank Indonesia to intervene in forex, bond markets to stabilise rupiah, official says

Others Also Read