KUALA LUMPUR: The share price of Malaysia Smelting Corp Bhd was the top gainer on Monday, Jan 24 as the undervalued resources company bucked the cautious market sentiment.
At 3.54pm, MSC was up 25 sen to RM4.85 with 357,800 shares done. The FBM KLCI fell 5.54 points to 1,541.89. Turnover was 1.28 billion shares valued at RM1.54 billion. There were 188 gainers, 595 losers and 261 stocks unchanged.
MSC was voluntarily suspended last Friday for an announcement to provide details about the proposed secondary listing on the Singapore Exchange.
MSC is riding on the surge in the price of tin. The Edge FinancialDaily reports that MSC is a cheaper entry into mining and smelting sector when it lists on the SGX in less than two weeks.
At 3.54pm, MSC was up 25 sen to RM4.85 with 357,800 shares done. The FBM KLCI fell 5.54 points to 1,541.89. Turnover was 1.28 billion shares valued at RM1.54 billion. There were 188 gainers, 595 losers and 261 stocks unchanged.
MSC was voluntarily suspended last Friday for an announcement to provide details about the proposed secondary listing on the Singapore Exchange.
MSC is riding on the surge in the price of tin. The Edge FinancialDaily reports that MSC is a cheaper entry into mining and smelting sector when it lists on the SGX in less than two weeks.
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