Proton Holdings Bhd, Malaysia’s state-controlled carmaker, surged 6.1 percent in Kuala Lumpur trading, set for its highest close in two weeks.
The stock jumped 19 sen to RM3.29 at 10:19 a.m. local time.
It’s set to be the second-biggest gainer on the FTSE Bursa Malaysia Top 100 Index.
Proton is “on our radar now” as it’s a “beneficiary” of merger and acquisitions of government-linked companies, UOB-Kay Hian Holdings Ltd wrote in a report today. -- Bloomberg
The stock jumped 19 sen to RM3.29 at 10:19 a.m. local time.
It’s set to be the second-biggest gainer on the FTSE Bursa Malaysia Top 100 Index.
Proton is “on our radar now” as it’s a “beneficiary” of merger and acquisitions of government-linked companies, UOB-Kay Hian Holdings Ltd wrote in a report today. -- Bloomberg
