Quick take: Nationwide jumps 31% in active trade

KUALA LUMPUR: Nationwide Express Holdings Bhd, which has been on an uptrend, surged over 31% in early trade Monday.

The PN17 company surged 31.09%, or 18.5 sen to 78 sen, making it the third top gainer on Bursa Malaysia. The counter saw over 38 million shares traded.

The courier services company has not made any corporate announcements recently apart from changes in substantial shareholders interest.

Non-Independent Non-Executive Director Dr. Roshayati Basir has been acquiring shares in the company. On Oct 21, she acquired 10,000 shares raising its interest to 22.18%.

On Oct 13, Roshayati acquired 10,000 shares and another 20,000 shares on Oct 14. Earlier on Oct 7, she bought 10,000 shares in the company.

In the first quarter ended June 30, Nationwide’s net loss widened to RM5.73mil against RM2.34mil in the same period a year ago. Its revenue for the period stood at RM10.27mil from RM17.18mil last year.