Poultry stocks soar on lifting of price ceiling

PETALING JAYA: Share prices for a host of poultry players embarked on a mini bull run on Bursa Malaysia yesterday, following Budget 2024 announcement on the temporary lifting of ceiling prices for chicken and eggs.

Lay Hong Bhd’s share price rose by 12%, or 3.5 sen, to close at 32 sen, while Leong Hup International Bhd (LHI) and TPC Plus Bhd’s share prices firmed 7.6% and 4.8% to settle at 64 sen and 33 sen, respectively.