KUALA LUMPUR: Shares in Pantech Group Holdings Bhd rose over 2.6% in early trade Wednesday following the resumption of its exports to the US.

The steelmaker rose 2.68%, or 1.5 sen to 57.5 sen with 1.5 million shares traded. Pantech-WA gained 4.33%, or 0.5 to 12 sen while Pantech-WB up 12%, or 1.5 sen to 14 sen.

Pantech said its steel products manufacturing unit will resume exports to the US after the company said it was not subjected to anti-dumping duty.

Pantech said the resumption of exports is expected to have a positive impact on group revenue, with contribution from Pantech Steel Industries Sdn Bhd (PSI) projected to normalise by fiscal quarter ending Nov 30, 2019.

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