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Mah Sing, SP Setia share sell-off 'overdone'
by hlk Wed 20 Jul 2011, 13:37
Mah Sing Group Bhd and SP Setia Bhd rose in Kuala Lumpur trading after CIMB Investment Bank Bhd said the recent sell-off in the Malaysian property developers was overdone.
Shares of Mah Sing climbed 7.7 per cent to RM2.39 at 10:27 a.m. local time, set for their biggest gain since Nov. 25.
It was the stock’s first gain in eight days.
SP Setia added 1.3 per cent to RM3.80, snapping an eight-day slide. -- Bloomberg
Shares of Mah Sing climbed 7.7 per cent to RM2.39 at 10:27 a.m. local time, set for their biggest gain since Nov. 25.
It was the stock’s first gain in eight days.
SP Setia added 1.3 per cent to RM3.80, snapping an eight-day slide. -- Bloomberg
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