Construction Movers

In particular, the mid-tier diversified construction and consulting company VDM Group finished trading very much on a high last night, closing up 27.1%, after news last week of a possible joint venture deal with Western Australian civil contractor NRW and an Abu Dhabi partner.The deal would see the two Australian companies exposed to civil construction works in the Middle East with a particular focus on Abu Dhabi and the United Arab Emirates.VDM said further details would be released upon finalisation of the negotiations, and closed yesterday at 54c – strong progress after finishing at 42.5c on Friday.Also adding value over the last two full days of trading were Coffey, which gained 12.1%, and Bradken – putting on 7.1% to close at $3.61.Losing ground in the two days to last night’s close was Forge Group, which shed a substantial 34.8%, while Brierty was also down, finishing 10.5% lighter.Looking at the market more generally, yesterday saw the S&P/ASX 200 drop 1.64% or 61.3 points to 3681.2 points, while the All Ordinaries lost 1.46% or 53.7 points to 3619 points.

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