Friday 16 December 2011

UMW top loser on confirmation not buying Proton stake

KUALA LUMPUR (Dec 16): UMW HOLDINGS BHD [] was the top loser in the morning session on Friday after the company confirmed it had not submitted a bid to Khazanah Nasional for its 42.7% Proton Holding Bhd stake

At 12.12pm, UMW was down 34 sen to RM6.50. There were 423,900 shares done.

The FBM KLCI rose 2.89 points to 1,467. There were 933 million shares done valued at RM526.42 million. There were 313 gainers, 284 losers and 274 stocks unchanged.

On Thursday, UMW confirmed that it had not submitted any bid to Khazanah for the Proton stake.



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