KUALA LUMPUR: Bursa Malaysia trimmed some of its two days of gains early Friday with the FBM KLCI slipping into the red , weighed by some selling of Tenaga and Public Bank but Can-One
and Kian Joo Can Factory jumped.
At 9.15am, the KLCI was down 4.93 points or 0.29% to 1,671.07. Turnover was 154.96 million shares valued at RM49.17mil. There were 104 gainers, 134 losers and 133 counters unchanged.
Asian stocks began with small losses as the recent recovery in equities showed signs of losing steam. The yuan steadied ahead of a slew of Chinese economic data due, Bloomberg reported. Japan's Nikkei 225 fell 1.14% and South Korea's Kospi 1.08% lower.
Nestle fell RM1.30 to RM145.10 and Carlsberg 18 sen lower at RM19.70 in thin trade.
Peronas Dagangan lost 40 sen to RM25.58, MAHB 23 sen to RM7.80, HL Bank 20 sen to RM20.30 in razor thin trade.
Tenaga fell 18 sen to RM13.28 and Public Bank 10 sen to RM24.88 while AmBank lost seven sen to RM4.36.
Kian Joo jumped 60 sen to RM2.63 and Can-One 30 sen to RM2.23.
Can-One is proposing to acquire 2.167 million shares or a 0.49% interest in Kian Joo from Tan Kim Seng for RM6.71mil or RM3.10 per Kian Joo share in cash.
This will increase Can-One’s shareholding in Kian Joo to 33.39% from 32.90%, obliging it to extend a mandatory general offer (MGO) for all the remaining Kian Joo shares not already owned by Can-One and its parties acting in concert for RM3.10 per Kian Joo share.
HLFG, KL Kepong and MISC added 10 sen each to RM19.30. RM24.18 and RM6.18 with 100 shares done. PPB added gained eight sen to RM17.08 and Maxis up six sen to RM5.27.
Limited time offer:
Just RM5 per month.
