Tuesday, November 23, 2010

Kulim, QSR, KFC stage mild rebound

KUALA LUMPUR: Shares of Kulim, QSR and KFC staged a mild rebound in early trade on Tuesday, Nov 23 after the profit-taking on Monday following the unimpressive indicative offer of RM5.60 a share for QSR by Idaman Saga.

At 9.03am, Kulim was up 34 sen to RM13, QSR added six sen to RM5.45, KFC five sen to RM4.05 and KFC-WB eight sen to RM2.12.

The FBM KLCI was up 3.53 points to 1,506.73. Turnover was 22.65 million shares valued at RM24.02 million. There were 77 gainers, 43 losers and 87 stocks unchanhged.

On Monday, disappointed investors took profit after the indicative offer of RM5.60 a share was announced by Idaman Saga, a private company owned by Tan Sri Halim Saad and Datuk Che Mokhtar Che Ali. Kulim fell 88 sen to RM12.66; QSR lost 37 sen to RM5.39 and KFCH 25 sen lower at RM4.


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