Speculators chase up Catcha Media Bhd Shares

Catcha Media Bhd shares surged in active trade on Wednesday, Aug 3, outperforming the broader weaker market on news that Datuk Justin Leong Ming Loong, grandson of late casino tycoon Tan Sri Lim Goh Tong emerged as a substantial shareholder.

At 11.19am, Catcha was up 24.5 sen to 81 sen. There were 8.24 million shares done.

The 30-stocks FBM KLCI fell 10.29 points to 1,544.56. Turnover was 370.46 million shares valued at RM464.45 million. Losers hammered gainers 528 to 88.

The Edge FinancialDaily reported Leong acquired a 5.01% stake in Catcha Media.

Leong acquired the 6.663 million shares on Monday from the open market. (theedgemalaysia.com)