Bursa Malaysia Stock Watch
Tanjong boost for FBM KLCI
kltrader
Publish date: Mon, 02 Aug 2010, 04:22 PM
kltrader
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KUALA LUMPUR: The FBM KLCI got off to a positive start to the week on Monday, Aug 2, lifted by Tanjong Plc, Petronas Dagangan and KLK in early trade.
At 9.05am, the index added 4.68 points to 1,365.60. Gainers led losers by 113 to 44, while 79 counters traded unchanged. Volume was 35.25 million shares valued at RM42.98 million.
Tanjong was the top gainer and jumped RM3.54 to RM21.12 with 210,100 shares done.
Billionaire T. Ananda Krishnan's Usaha Tegas Sdn Bhd, which controls 46.96% of Tanjong plc, has served a take-over on the power-gaming company at RM21.80 per share or for RM4.7 billion. The offer price is RM4.22 or 24% above its pre-suspension price of RM17.58.
Petronas Dagangan rose 12 sen to RM10.40 and KLK added eight sen to RM16.96. Other early gainers included KFCH, Crescendo, Eastern Oriental and Pacific Orient.
Among the early decliners were Maybank, MISC, Adventa, Nylex, Perduren, Hai-O and Stamford College.
At 9.05am, the index added 4.68 points to 1,365.60. Gainers led losers by 113 to 44, while 79 counters traded unchanged. Volume was 35.25 million shares valued at RM42.98 million.
Tanjong was the top gainer and jumped RM3.54 to RM21.12 with 210,100 shares done.
Billionaire T. Ananda Krishnan's Usaha Tegas Sdn Bhd, which controls 46.96% of Tanjong plc, has served a take-over on the power-gaming company at RM21.80 per share or for RM4.7 billion. The offer price is RM4.22 or 24% above its pre-suspension price of RM17.58.
Petronas Dagangan rose 12 sen to RM10.40 and KLK added eight sen to RM16.96. Other early gainers included KFCH, Crescendo, Eastern Oriental and Pacific Orient.
Among the early decliners were Maybank, MISC, Adventa, Nylex, Perduren, Hai-O and Stamford College.
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