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MRCB falls to lowest since October
by hlk Thu 19 Apr 2012, 17:02
KUALA LUMPUR: Shares of Malaysian Resources Corporation Bhd (MRCB) fell to their lowest since October last year on Thursday in the absence of fresh positive news.
At 12.30pm, it was down two sen to RM1.72. There were 6.13 million shares transacted at prices ranging from RM1.70 to RM1.76.
The FBM KLCI was down 2.8 points to 1,596.06. Turnover was 1.02 billion shares valued at RM661.94mil. There were 221 gainers, 358 losers and 311 stocks unchanged.
Analysts had said the decline in MRCB share price was due to the lack of news including its involvement in the development of the Rubber Research Institute land in Sungai Buloh.
Recently, MRCB said it was open to selling its Eastern Dispersal Link (EDL) expressway back to the Government following the latter's decision to review the company's toll concession mooted in 2008.
MRCB chairman Tan Sri Azlan Zainol was quoted saying the cost of the EDL was estimated at around RM1.4bil, and he hoped a decision to be made in May.
At 12.30pm, it was down two sen to RM1.72. There were 6.13 million shares transacted at prices ranging from RM1.70 to RM1.76.
The FBM KLCI was down 2.8 points to 1,596.06. Turnover was 1.02 billion shares valued at RM661.94mil. There were 221 gainers, 358 losers and 311 stocks unchanged.
Analysts had said the decline in MRCB share price was due to the lack of news including its involvement in the development of the Rubber Research Institute land in Sungai Buloh.
Recently, MRCB said it was open to selling its Eastern Dispersal Link (EDL) expressway back to the Government following the latter's decision to review the company's toll concession mooted in 2008.
MRCB chairman Tan Sri Azlan Zainol was quoted saying the cost of the EDL was estimated at around RM1.4bil, and he hoped a decision to be made in May.
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