MyEG climbs on positive news
“With the MACC’s clarification, we believe the recent price weakness could be an opportunity to accumulate the stock,” CIMB Research said in a note over the weekend.
PETALING JAYA: Shares in MyEG Services Bhd jumped, as investors waded in to scoop up the stock at lower prices following Friday’s steep decline.
The stock was the most actively traded stock yesterday with 175.6 million shares changing hands. It shot up 25 sen, or 20%, to close at RM1.38.
The company told Bursa Malaysia after trading had ended on Friday that it had received a letter from the Malaysian Anti-Corruption Commission (MACC) confirming that it was not under investigation in relation to charges against former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi.
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