KUALA LUMPUR: The surge in the share price of Public Bank Bhd
’s local and foreign shares last Thursday and Friday is believed to be due to a revision in the weightage accorded to the shares by the FTSE Group in view of the impending merger of the two stocks.
Last Friday, Public Bank-F, which are shares held by foreigners, rose 84 sen to RM20.80 and Public Bank gained 80 sen to close at RM20.80 on strong buying from funds.
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