Wednesday, September 29, 2010

Press Metal rises on Sumitomo news

Press Metal Bhd, a Malaysia aluminum products maker, rose the most in a week in Kuala Lumpur trading after saying Japan's Sumitomo Corp will invest in its subsidiary which is building a smelter in Sarawak state.

Its shares gained 4.1 per cent to RM1.52 at 9:05 a.m. local time, set for their biggest increase since Sept. 20. -- Bloomberg

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