Quick take: Gagasan Nadi shares hit all-time high

KUALA LUMPUR: Gagasan Nadi Cergas Bhd rose to a record high in early trade Monday after securing a contract from Kwasa Land Sdn Bhd to develop an affordable housing project in Selangor.

The developer rose 4.62%, or 1.5 sen to 34 sen at 9.14am. Year-to-date, the counter has risen about 9.6%.

Gagasan Nadi Cergas has secured a contract from the Employees Provident Fund's wholly-owned subsidiary Kwasa Land Sdn Bhd to develop an affordable housing project in Selangor with a gross development value of RM1bil.