PETALING JAYA: CIMB Group Holdings Bhd, a beneficiary of numerous Economic Transformation Programme initiatives, continued its share price rally, marked by its spike to a two-year high of RM8.65 yesterday, two days after the Barisan Nasional won the 13th general election (GE13).
The last time the banking stock traded at that price range was in July 2011. It closed as one of the most heavily traded stocks on the FTSE Bursa Malaysia KL Composite Index, with 49.5 million shares done, single-handedly moving the index up 5.14 points.