The KL Composite Index slipped into the red at midday on June 26 as investors sold Maybank, Genting, Petronas Dagangan and Tenaga. However, Goh Ban Huat (GBH) was in focus after businessman Tan Sri Tan Hua Choon, or better known as Robert Tan, launched a surprise conditional takeover for the company.At 12.30pm, the KLCI was down 0.15% or 1.56 points to 1,072.55, off its intra-morning high of 1,081.83.Turnover was 699.84 million shares valued at RM594.71 million. Losers led gainers by 288 to 225, while 225 counters traded unchanged.Regional markets were generally positive, with Hong Kong's Hang Seng Index up 1.1% to 18,476.29, Japan's Nikkei 225 up 0.81% to 9,875.90, Singapore's Straits Times Index up 0.85% to 2,321.96, Taiwan's TAIEX Index up 0.44% to 6,486.10 and the South Korean Kospi up 0.19% to 1,395.31.
The Shanghai Composite Index fell 0.25% to 2,917.76.Crude palm oil fell RM18 per tonne for the August and September deliveries respectively to RM2,324 and RM2,318, respectively.Crude oil gained 42 cents per barrel to US$70.65 at midday.Among the major losers, Maybank, IJM Corp and Bursa fell 10 sen each to RM5.80, RM5.60 and RM7, respectively, while Genting, Tenaga and Petronas Gas lost 5 sen each to RM5.80, RM7.75 and RM9.75, respectively.Petronas Dagangan fell 25 sen to RM8.25, MSHB lost 6 sen to RM3.14, IOI Corp fell 2 sen to RM4.66 while PLUS Expressways declined 4 sen to RM3.20.
Among the major gainers, Sime Darby, BCHB and Public Bank added 5 sen each to RM6.90, RM9 and RM8.85, respectively, while Tanjong Plc gained 30 sen to RM13.80.KL Kepong was up 10 sen to RM12.10, YTL Corp and UMW gained 5 sen each to RM6.90 and RM5.95, while Astro added 6 sen to RM3.10.GBH surged 31 sen to RM1.36 after businessman Tan offered RM1.25 cash per share for loss-making GBH, which was 20 sen above June 25's traded price of RM1.05 before it was suspended for the takeover announcement. The offer for the outstanding 43.06 million shares or 69.55%, will cost him about RM54 million
The KL Composite Index slipped into the red at midday on June 26 as investors sold Maybank, Genting, Petronas Dagangan and Tenaga. However, Goh Ban Huat (GBH) was in focus after businessman Tan Sri Tan Hua Choon, or better known as Robert Tan, launched a surprise conditional takeover for the company.At 12.30pm, the KLCI was down 0.15% or 1.56 points to 1,072.55, off its intra-morning high of 1,081.83.Turnover was 699.84 million shares valued at RM594.71 million. Losers led gainers by 288 to 225, while 225 counters traded unchanged.Regional markets were generally positive, with Hong Kong's Hang Seng Index up 1.1% to 18,476.29, Japan's Nikkei 225 up 0.81% to 9,875.90, Singapore's Straits Times Index up 0.85% to 2,321.96, Taiwan's TAIEX Index up 0.44% to 6,486.10 and the South Korean Kospi up 0.19% to 1,395.31. 
The Shanghai Composite Index fell 0.25% to 2,917.76.Crude palm oil fell RM18 per tonne for the August and September deliveries respectively to RM2,324 and RM2,318, respectively.Crude oil gained 42 cents per barrel to US$70.65 at midday.Among the major losers, Maybank, IJM Corp and Bursa fell 10 sen each to RM5.80, RM5.60 and RM7, respectively, while Genting, Tenaga and Petronas Gas lost 5 sen each to RM5.80, RM7.75 and RM9.75, respectively.Petronas Dagangan fell 25 sen to RM8.25, MSHB lost 6 sen to RM3.14, IOI Corp fell 2 sen to RM4.66 while PLUS Expressways declined 4 sen to RM3.20.
Among the major gainers, Sime Darby, BCHB and Public Bank added 5 sen each to RM6.90, RM9 and RM8.85, respectively, while Tanjong Plc gained 30 sen to RM13.80.KL Kepong was up 10 sen to RM12.10, YTL Corp and UMW gained 5 sen each to RM6.90 and RM5.95, while Astro added 6 sen to RM3.10.GBH surged 31 sen to RM1.36 after businessman Tan offered RM1.25 cash per share for loss-making GBH, which was 20 sen above June 25's traded price of RM1.05 before it was suspended for the takeover announcement. The offer for the outstanding 43.06 million shares or 69.55%, will cost him about RM54 million
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