Quick take: Press Metal climbs to record, aluminium prices at two-year high

Press Metal, South-East Asia’s largest integrated aluminium producer, operates aluminium smelting plants in Bintulu and Mukah.

KUALA LUMPUR: Shares of Press Metal Aluminium Holdings Bhd rose to a record high of RM7.30 in late afternoon trade on Tuesday, underpinned by its strong earnings outlook and also the surge in aluminum prices.

At 3.17pm, it was up 26 sen to RM7.26. There were 2.80 million shares done at prices ranging from RM7.04 to RM7.30.