Trending higher. The FBM KLCI rose 4.14 points to 1,511.74. UEM Land Holdings Bhd’s proposed takeover of Sunrise Bhd for RM1.39bn or RM2.80/share has received an acceptance level of 40.3%. Elsewhere, MCA bought a 42.4% stake in Star Publication (M) Bhd for RM1.28bn, or RM4.09/share, from its 100% subsidiary, Huaren Holdings SB. Finally, both the US market and crude oil price ended marginally higher last Friday, with crude oil price closing at USD86.85, up by USD0.36/barrel.
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Monday, November 8, 2010
Monday, November 8, 2010
Market Review
Trending higher. The FBM KLCI rose 4.14 points to 1,511.74. UEM Land Holdings Bhd’s proposed takeover of Sunrise Bhd for RM1.39bn or RM2.80/share has received an acceptance level of 40.3%. Elsewhere, MCA bought a 42.4% stake in Star Publication (M) Bhd for RM1.28bn, or RM4.09/share, from its 100% subsidiary, Huaren Holdings SB. Finally, both the US market and crude oil price ended marginally higher last Friday, with crude oil price closing at USD86.85, up by USD0.36/barrel.
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