Shares: Taking Stock

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The Independent Online
Display IT, the star performer on the fringe Ofex share market, jumped 100p to 730p as US authorities cleared an ADR listing on Nasdaq. Peter Levin, chief executive, hopes the US presence will increase American awareness of its operations, which involve developing windows-based software which enables traders to surf the Internet for financial data.

Malaya, the upmarket cars group, firmed to 13.5p. It should have encouraging news at its yearly meeting on Election Day. There is market talk profits will advance to pounds 4m, up from pounds 2.5m. The company will soon change its name to the more prestigious HR Owen (one of its subsidiaries). Malayan investors lifted their stake to more than 25 per cent. A bid looks a distinct possibility.

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