Kurnia Asia Bhd, a Malaysian insurer, rose to a one-month high in Kuala Lumpur trading as Hong Leong Financial Group Bhd said its stock price is poised to rally.
Prices should test between 59 sen and 67 sen due to speculation that it has found a buyer for its Kurnia Insurans (M) Bhd. unit, Hong Leong analyst Low Yee Huap wrote in a report today.
The stock climbed 1 percent to 50 sen at 9:25 a.m., set for its highest close since Nov. 4. -- Bloomberg
Prices should test between 59 sen and 67 sen due to speculation that it has found a buyer for its Kurnia Insurans (M) Bhd. unit, Hong Leong analyst Low Yee Huap wrote in a report today.
The stock climbed 1 percent to 50 sen at 9:25 a.m., set for its highest close since Nov. 4. -- Bloomberg
