Wednesday, June 22, 2011

MAA sees lowest buy at 69c

KUALA LUMPUR: MAA HOLDINGS BHD [] sees buy orders at 72.5 sen and sell orders for also at 72.5 sen in pre-opening trades on Wednesday, June 22.

At 8.38am, the lowest buy order is 69 sen and the highest sell order is 74 sen.

MAA will be keenly watched on Wednesday after the share price plunged on Tuesday following the company's announcement that the sale its insurance assets are valued at barely 1.35 times of book value.

MAA Holdings' share price plunged 27% or 30.5 sen to finish at 72 sen, the lowest closing since March 15. It was the most actively traded counter on Bursa Malaysia with 77 million shares changing hands. The stock has tanked 48% from a high of RM1.38 on June 8.

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