Gamuda shares open lower after MRT2 underground deal scrubbed

MMC-Gamuda will continue works on the above-ground portion of the MRT2 at a reduced price of RM17.42 billion, instead of the original RM22.64 billion. – The Malaysian Insight file pic, October 8, 2018.

GAMUDA Bhd shares opened at RM2.38 today, falling 25.86% following Putrajaya’s announcement yesterday that it had terminated the company’s contract to build the underground portion of MRT Line 2 (MRT2).

The share price was RM2.57 at 10am.

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