Friday, July 23, 2010

Auto-related stocks continue to rise on MAA forecast

KUALA LUMPUR: Automotive-related stocks continued to rise on Friday, July 23 after on the bullish auto forecast by the Malaysian Automotive Association (MAA) on auto sales, in which it expects sales to hit an all-time high of 570,000 units this year.

At 9.28am, Tan Chong gained 17 sen to RM4.66, APM Automotive was up 8 sen to RM4.68 while Proton and MBM Resources added one sen each to RM4.42 and RM3.01.

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