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Investors take gains on Ekovest
by hlk Mon 04 Jul 2011, 16:54
KUALA LUMPUR: Shares of EKOVEST BHD [] slipped on Monday, July 4 as investors took profit after the brief run-up on the shares on the latest news of the multi-billion-ringgit River of Life project.
At 3.13pm, it was down 14 sen to RM2.92 with 93,700 shares done.
Its joint venture partner, MALAYSIAN RESOURCES CORP [] Bhd (MRCB) inched up two sen to RM2.22 with 609,200 shares done.
The FBM KLCI rose 2.83 points to 1,585.77. Turnover was 454.82 million shares valued at RM752.34 million. Losers beat gainers 379 to 292 while 305 stocks were unchanged.
In February this year, MRCB said the Ekovest–MRCB JV had received a letter of intent (LOI) from the government for the River of Life project.
Last Friday, Prime Minister Datuk Seri Najib Tun Razak officiated at the groundbreaking ceremony for the multi-billion ringgit project.
The RM4 billion project is divided into three parts, namely river cleaning; river beautification and land development along the river.
The government would secure the services of the joint venture of Ekovest-MRCB as the project delivery partner (PDP) for the project. The project is an Entry Point Project (EPP) under the Greater Kuala Lumpur/Klang Valley National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP).
At 3.13pm, it was down 14 sen to RM2.92 with 93,700 shares done.
Its joint venture partner, MALAYSIAN RESOURCES CORP [] Bhd (MRCB) inched up two sen to RM2.22 with 609,200 shares done.
The FBM KLCI rose 2.83 points to 1,585.77. Turnover was 454.82 million shares valued at RM752.34 million. Losers beat gainers 379 to 292 while 305 stocks were unchanged.
In February this year, MRCB said the Ekovest–MRCB JV had received a letter of intent (LOI) from the government for the River of Life project.
Last Friday, Prime Minister Datuk Seri Najib Tun Razak officiated at the groundbreaking ceremony for the multi-billion ringgit project.
The RM4 billion project is divided into three parts, namely river cleaning; river beautification and land development along the river.
The government would secure the services of the joint venture of Ekovest-MRCB as the project delivery partner (PDP) for the project. The project is an Entry Point Project (EPP) under the Greater Kuala Lumpur/Klang Valley National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP).
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