Monday 27 February 2012

China Stationery extends gains in early trade

KUALA LUMPUR (Feb 27): Shares of China Stationery Ltd (CSL) extended their gains on Monday in active trade as investors sentiment in the stock remained firm after the strong close on its trading debut last Friday.

At 9.29am, CSL was up 10 sen to RM1.20 with 21.90 million shares done.

The FBM KLCI rose 3.59 points to 1,562.36. Turnover was 259.59 million shares valued at RM149.26 million. There were 248 gainers, 135 losers and 192 stocks unchanged.

The stationery manufacturer's initial public offering, priced at 95 sen per share, raised RM85.50 million from its public issue of 90 million new shares.



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