Press Metal shares surge as aluminium price rallies

PETALING JAYA: Press Metal Aluminium Holdings Bhd was the fifth top gainer on Bursa Malaysia yesterday, as the counter surged 13.77% driven by the London Metal Exchange aluminium price rally, following the United States’ sanctions imposed on Russian aluminium giant United Company Rusal Plc (Rusal).

South-East Asia’s largest aluminium smelter settled at RM4.38 as trade closed yesterday. A total of 12.76 million shares changed hands.