Friday 8 April 2011
MAA Share News
Shares of MAA HOLDINGS BHD [] extended their gains to RM1.53 in mid-morning trade on Friday, April 8, notching gains of 50 sen or 48% within a week.
MAA shares were actively traded with 34 million units done. At 10.33am, it was up 15 sen to RM1.53.
However, the FBM KLCI eased 0.47 of a point to 1,561.46. Turnover was 466.78 million shares valued at RM450.91 million. There were 295 gainers, 244 losers and 280 stocks unchanged.
MAA shares have risen 50 sen from last Friday, April 1's close of RM1.03 despite a denial earlier this week over the sale of a 70% stake in Malaysian Assurance Alliance Bhd (MAAB) to Zurich Insurance Co. Ltd for an estimated RM1.2 billion.
On Wednesday, MAA denied the sale but said discussions were still ongoing.
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