KUALA LUMPUR: ESSO MALAYSIA BHD [] shares shed half of the early gains in late afternoon trade on Friday, March 25 after the company refuted a news report it could be taken private.
At 2.56pm, Esso was up 39 sen to RM3.88, off the high of RM4.40 at the midday break.
The FBM KLCI was up 1.67 points to 1,515.51. Turnover was 731.12 million shares valued at RM967.67 million. There were 420 gainers, 252 losers and 291 stocks unchanged.
Esso informed Bursa Malaysia during the midday break that it was not aware of any plans to take it private as had been reported.
'Esso wishes to also announce that there have been no undisclosed developments which would account for the apparent unusual market activity,' it said, referring to the high trading volume in its shares.
At 2.56pm, Esso was up 39 sen to RM3.88, off the high of RM4.40 at the midday break.
The FBM KLCI was up 1.67 points to 1,515.51. Turnover was 731.12 million shares valued at RM967.67 million. There were 420 gainers, 252 losers and 291 stocks unchanged.
Esso informed Bursa Malaysia during the midday break that it was not aware of any plans to take it private as had been reported.
'Esso wishes to also announce that there have been no undisclosed developments which would account for the apparent unusual market activity,' it said, referring to the high trading volume in its shares.
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