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The stock market gave up early gains and finished narrowly lower Tuesday as fears about mad cow disease and a heightened terror alert pressured Wall Street.
MARUICHI Steel Tube Ltd of Japan, a long-time shareholder in Maruichi Malaysia Steel Tube Bhd, could be exiting the local steel pipes and tubes manufacturer and trader after 31 years, going by its sale of two large blocks of shares early in the week.
The Nasdaq stock market on Tuesday followed the lead of the New York Stock Exchange (NYSE) in barring the Al-Jazeera Arab satellite-TV channel from using its facilities to broadcast live market reports.
Malaysian share prices ended higher Thursday in line with regional markets, as investors hoped for a quick end to the war in Iraq, traders said.