System integrator Computer and Technologies Holdings (C&T) said yesterday it had secured about US$2.5 million in contracts from Shanghai-based firms so far this year, as the company's shares registered their biggest one-day jump in almost two years.
Shares in the locally listed technology company shot up 24.33 per cent to close at HK$2.325 in anticipation of more good news about C&T's China operations.
More than 28.41 million shares, worth HK$61.37 million, changed hands in heavy trading.
The sudden surge in the company's share price came despite a fall in the technology benchmark Nasdaq, which fell to its lowest level in eight months.
'I don't think there is anything special to announce other than the regular contract awards that we announce every month,' C&T vice-president of corporate development and communications Steve Yeung said.
C&T said it had received more than US$1.5 million worth in orders from China Pacific Insurance to provide Internet protocol backbone networks.
