PETALING JAYA: PUC Bhd
emerged as the second most traded stock on Bursa Malaysia yesterday and its share price increased by 6% on news that Genting Plantations Bhd is joining a bid with the former for a digital banking licence.
In just several minutes after the market opened for trading, the stock jumped to an intraday high of 21 sen, or over 27% from the previous day’s closing price.
However, by the time the market closed at 5pm, it had pared most of its gain and settled at 17.5 sen, or 6.06% higher than a day earlier.A total of 305.9 million shares changed hands yesterday.
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