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Sersol slides on profit taking
by Cals Tue 01 Oct 2013, 00:59
Published: Monday September 30, 2013 MYT 3:50:00 PM
Updated: Monday September 30, 2013 MYT 3:52:45 PM
Sersol slides on profit taking
KUALA LUMPUR: Sersol shares and its warrants fell in heavy trade on Monday on profit taking after the recent run-up in its price.
At 3.41pm, share price of the paints and coating company was down 25.5 sen to 75.5 sen with 21.55 million shares done. Its warrants lost 22 sen to 53.5 sen.
The FBM KLCI fell 3.48 points to 1,772.68. Turnover was 1.37 billion shares valued at RM1.27bil. Decliners led advancers 543 to 184 while 243 counters were unchanged.
The shares and warrants had surged recently on the entry of new shareholders.
StarBiz reported that on Sept 3, Mohamed Ridzuan Nor Md was appointed SerSolmanaging director.
Just last week Mohd Nazifuddin Mohd Najib, together with his business partner LimKim Chai, emerged as substantial shareholders in the company with a 20.76% stake.
Ridzuan is the son of former Second Finance Minister Tan Sri Nor Mohamed Yakcop, while Nazifuddin is Prime Minister Datuk Seri Najib Razak’s son.
Updated: Monday September 30, 2013 MYT 3:52:45 PM
Sersol slides on profit taking
KUALA LUMPUR: Sersol shares and its warrants fell in heavy trade on Monday on profit taking after the recent run-up in its price.
At 3.41pm, share price of the paints and coating company was down 25.5 sen to 75.5 sen with 21.55 million shares done. Its warrants lost 22 sen to 53.5 sen.
The FBM KLCI fell 3.48 points to 1,772.68. Turnover was 1.37 billion shares valued at RM1.27bil. Decliners led advancers 543 to 184 while 243 counters were unchanged.
The shares and warrants had surged recently on the entry of new shareholders.
StarBiz reported that on Sept 3, Mohamed Ridzuan Nor Md was appointed SerSolmanaging director.
Just last week Mohd Nazifuddin Mohd Najib, together with his business partner LimKim Chai, emerged as substantial shareholders in the company with a 20.76% stake.
Ridzuan is the son of former Second Finance Minister Tan Sri Nor Mohamed Yakcop, while Nazifuddin is Prime Minister Datuk Seri Najib Razak’s son.
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