Tuesday, January 18, 2011

Southern Steel climbs to one-month high

Southern Steel Bhd, a Malaysian steel producer, rose to a one-month high in Kuala Lumpur trading after its substantial shareholders may place out stock to help meet public shareholding spread requirements.

The stock climbed 1.8 per cent to RM2.25 at 9:15 a.m. local time, headed for its highest close since Dec. 15. -- Bloomberg

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