KUALA LUMPUR (Feb 8): Shares of NAIM INDAH CORPORATION BHD [] surged in very active trade on Wednesday to a high of 46 sen, as speculators chased up the stock on news its major shareholder was in talks to dispose of its stake.
At 9.33am, Naim Indah was up 28 sen to 46 sen, extending from the nine sen gain from last Friday, Feb 3. It was the most active with 170 million shares done.
The FBM KLCI rose 10.21 points to 1,548.98. Turnover was 716.18 million shares valued at RM374.38 million. There were 367 gainers, 114 losers and 245 stocks unchanged.
Lat Friday, Crest Energy Sdn Bhd – which owns the 22.8% stake which comprises of 160.06 million shares - was said to be in discussions with various parties to dispose of the shares.
However, Naim Indah had then said no details of the proposed disposal, including the price, had been finalised.
“Further details of the proposed disposal will be announced in due course. Please note that at this moment, there is no certainty of the proposed disposal will be successful,” it said.
At 9.33am, Naim Indah was up 28 sen to 46 sen, extending from the nine sen gain from last Friday, Feb 3. It was the most active with 170 million shares done.
The FBM KLCI rose 10.21 points to 1,548.98. Turnover was 716.18 million shares valued at RM374.38 million. There were 367 gainers, 114 losers and 245 stocks unchanged.
Lat Friday, Crest Energy Sdn Bhd – which owns the 22.8% stake which comprises of 160.06 million shares - was said to be in discussions with various parties to dispose of the shares.
However, Naim Indah had then said no details of the proposed disposal, including the price, had been finalised.
“Further details of the proposed disposal will be announced in due course. Please note that at this moment, there is no certainty of the proposed disposal will be successful,” it said.
