Irrational exuberance in MESB share price surge


At 9.47am, MESB was up 14.5 sen to 49.5 sen with 20.34 million shares done while its warrants jumped 12 sen to 33 sen.

KUALA LUMPUR: MESB shares and it warrants surged to multi-month highs early Tuesday after the company received a mandatory takeover offer for its shares, reflecting the irrational exuberance of investors.

At 9.47am, MESB was up 14.5 sen to 49.5 sen with 20.34 million shares done while its warrants jumped 12 sen to 33 sen.

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