Logistics, tech stocks see active trade
PETALING JAYA: A handful of logistics and e-commerce-related stocks saw active trade on Tuesday.
Leading the pack is Malaysia Airports Holdings Bhd , which advanced 20 sen, or 2.22% to RM9.20 and was the third biggest gainer on Bursa Malaysia.
Pos Malaysia rose sen sen, 1.44% to RM4.93 while GDex gained 0.5 sen to 63.5 sen.
In November 2017, MAHB announced that it will team up with Cainiao Network, the logistics arm of e-commerce giant Alibaba Group.
Both companies will develop a regional e-commerce and logistics hub in the KL International Airport (KLIA) Aeropolis, as part of the Digital Free Trade Zone in Malaysia initiative.
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