KUALA LUMPUR: MESB shares and it warrants surged to multi-month highs early Tuesday after the company received a mandatory takeover offer for its shares, reflecting the irrational exuberance of investors.
At 9.47am, MESB was up 14.5 sen to 49.5 sen with 20.34 million shares done while its warrants jumped 12 sen to 33 sen.
The FBM KLCI fell 3.49 points or 0.23% to 1,514.94. Turnover was nearly one billion shares valeued at RM721.41mil. There were 298 gainers, 315 losers and 371 counters unchanged.
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