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Tip on runway contract lures buyers

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INVESTORS turned some attention away from blue-chip stocks yesterday as the market became quiet before the long weekend.

Small and medium-sized firms took up 30.2 per cent of turnover of $1.71 billion while H shares accounted for 4.2 per cent.

Paul Y-ITC Construction, which is tipped to win a $2.5 billion contract to build the runway, aprons and taxiways at the new airport, rose two cents, or 1.6 per cent, to $1.24.

Fellow construction company Wing Fai added eight cents, or 14.2 per cent, to 64 cents on the back of 22 per cent growth in interim earnings to $41.9 million.

Another gainer was property and hotel operator Century City.

It put on 12.5 cents, or 6.1 per cent, to close at $2.15, in the wake of news of a 20 per cent rise in profits to $1.08 billion.

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