Quick take: Pharmaniaga shares rise 9.7% on contract extension


KUALA LUMPUR: Pharmaniaga Bhd emerged as the top gainer on Bursa Malaysia, rising over 9.7% in early trade Monday after the company obtained a 25-month interim extension for its concession.

The integrated pharmaceutical group rose 9.73%, or 22 sen to RM2.48. Early this month, the counter shed 3.62% to RM2.13. The stock closed down 11.6% on Oct 31 after the Government announced that its concession will end on Nov 30.

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