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TENAGA Nasional Bhd (TNB) has sold its remaining 11.9 million shares in YTL Power International Bhd for a total of RM42.6mil.
KLCity Unit Trust Bhd (KLCUT) is confident sales from its latest equity growth unit trust scheme, KLCity SmallCap Fund, would reach RM30mil during the initial offer period ending June 28.
EASING oil prices, better economic data, and Wall Street's overnight gains provided the lift for Asian stock markets to end the week broadly higher yesterday. The exception was Bursa Malaysia whose benchmark KL Composite Index (KLCI) fell 0.41% on profit-taking after four straight days of gains.
SHARES of Malaysian Plantations Bhd (MPlant) and its warrants jumped on heavy volume yesterday due to a surge in speculative interest. MPlant's share price rose 15 sen or nearly 7% to a four-year high of RM2.30 on volume of 19.9 million shares while its warrants leapt 12 sen or 10.2% to RM1.30 on 16.5 million shares traded.
Powerful institutional investors are clamouring to get their usual wholesale price on the blockbuster Google IPO, as the Internet giant's choice to place shares via an unusual Dutch auction threatens their payday.
THE local stock market fell for the fifth day in a row yesterday as investors took profit ahead of the four-day, holiday-extended weekend amid continued uncertainty over the market's direction in the near term.