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Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Main Board.
HARDLY three weeks after its Valentine#039;s Day listing, Symphony House Bhd has created a minor stir on the share market with its proposed acquisition of Malaysian Issuing House Sdn Bhd (MIH) for RM2.45 million cash. It was, by far, the most active counter on the Kuala Lumpur Stock Exchange (KLSE) on Wednesday (the day the announcement was made) and Thursday.
PLUS Expressways Bhd has indeed come a long way. But one thing has remained certain through the wild swings of the economy, the rise and fall of its parent United Engineers (M) Bhd that led to its own indebtedness and change of control - it has always been a prized asset.
IF the Kuala Lumpur Stock Exchange's performance over the last two weeks is anything to go by, the deluge of corporate results released into the market in recent weeks have provided investors with little in the way of encouragement.