KUALA LUMPUR: Shares Gagasan Nadi Cergas Bhd
fell in early trade Thursday, as selling to lock in profits despite clinching a contract win of RM777mil.
The construction group, which had been on an uptrend, fell 4.76%, or 1.5 sen to 30 sen with 23.1 million shares traded.
Gagasan Nadi announced that it will lead the construction of 4,319 units of affordable homes under the Rumah Idaman programme by the Selangor state government worth RM777mil.
The project will entail the construction of the affordable homes on 36.6 acres of land across four sites in Shah Alam, Selangor, namely one site located in Seksyen U8 and the remaining three sites in Seksyen U17.
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