Bursa Malaysia resumes trading after a one-day suspension where it agreed to sell a 25% stake worth RM55.6 million in its derivatives subsidiary, Bursa Malaysia Derivatives Bhd to CME Group Inc.
CME, the world's largest derivatives exchange, would pay for the stake in BMD with RM1.9 million cash and 76,427 of its own shares, adding Bursa would make a “paper gain†RM44 million from its divestment of the stake.
SP Setia posted net profit of RM42.68 million for 3Q ended July 31, 2009, up 4.45% from the RM40.86 million a year ago mainly to the strong sales recorded from its 5/95 home and commercial ownership campaign.
Its wood-based manufacturing activities also contributed to the earnings achieved. SP Setia ended at 22 sen higher at RM4.60 yesterday.
Stocks to watch: - Bursa, SP Setia, IJM Corp, Aeon Credit
Thursday, September 17, 2009
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