OYL On Takeover Talk

Air conditioning product maker OYL Industries Bhd was sharply higher on renewed takeover talk. OYL rose 0.54 rgt or 12.44 pct to 4.88 on volume of 9.31 mln shares. Speculation is rife that Quek (the major shareholder of OYL) will sell out to Toshiba of Japan. Key resistance is at the 4.90 level.