KUALA LUMPUR (Jan 15): Shares of Selangor Properties Bhd (SPB) rose as much as 31 sen or 5.39% to RM6.06 apiece soon after noon market break today, following news that its major shareholder has sweetened its takeover offer for the property developer for the second time – upping its buyout offer by another 30 sen to RM6.30 per share.
KUALA LUMPUR (Jan 16): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and two with negative momentum.
Stock with positive momentum was:
Bina Puri Holdings Bhd – down half a sen at 27 sen
Can-One Bhd – up five sen at RM2.62
Datasonic Group Bhd – up three sen at 52 sen
Stocks with negative momentum were:
Fitters Diversified Bhd – up one sen at 41.5 sen
Teo Seng Capital Bhd – up four sen at RM1.06