Friday, March 18, 2011

EON Cap at 3-wk low, 34c below HL Bank offer of RM7.30

KUALA LUMPUR: Shares of EON CAPITAL BHD [] were trading at RM6.96 in late afternoon on Friday, March 18, which was a three-week low as investors stayed mostly on the sidelines following the on-going Libyan civil war and the aftermath of the earthquake in Japan.

At 4.06pm, EON Cap was down 10 sen to RM6.96 with 1.15 million shares done. At RM6.96, it was 34 sen below Hong Leong Bank's takeover price of RM7.30.

The FBM KLCI was up 5.28 points to 1,497.37. Turnover was 791.35 million shares valued at RM1.04 billion. There were 429 gainers, 257 losers and 287 stocks unchanged.

EON Cap's net asset per share was RM5.71 as at Dec 31, 2010.

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