PETALING JAYA: Several politically-linked stocks on Bursa Malaysia went on a wild ride yesterday, driven by the market volatility in the first day of trading post-14th general election (GE14). Among them are George Kent Malaysia Bhd (GKent), Ahmad Zaki Resources Bhd and MyEG Services Bhd. GKent was the biggest loser on Bursa Malaysia yesterday, falling RM1.18 or nearly 30%. Construction outfit Ahmad Zaki Resources Bhd (AZRB) also hit limit-down as the stock dropped by 30 sen or 41.67% to 42 sen. The price band for stocks priced below RM1 on Bursa Malaysia is 30 sen with stocks priced at RM1 and above at 30%.

Source: The Star May 14, 2018 20:48 UTC