Lityan Holdings Bhd
SHARES of Lityan Holdings Bhd lost 6 sen, or 48%, to 6.5 sen yesterday on sagging investor confidence after the company announced on Monday that its shareholders’ equity was in deficit of RM35.9mil as at Dec 31, 2004 and had been classified under PN17 as an affected issuer.
“Most investors have lost confidence in the company due to the recent developments,” a dealer at a local brokerage said.
PPB Group Bhd shares were price was slightly higher yesterday against a generally weak the general market as interest was supported by a positive outlook on the company’s future outlook, dealers said.
The counter closed 5 sen higher at RM7.25.
A dealer at a local brokerage said the group’s earnings growth was likely to be sustained by higher production of fresh fruit bunches, crude palm oil and palm kernel this year.
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