KUALA LUMPUR: My EG Services share price which was battered on worries about the fallout from the charges against former deputy prime minister Datuk Seri Ahmad Zahid Hamidi, staged a rebound on Monday.
At 9.02am, it surged 25 sen to RM1.38 with 26.86 million shares done. It opened at RM1.30.
The FBM KLCI fell 2.73 points or 0.16% to 1,729.41. Turnover was 72.86 million shares valued at RM45.28mil. There were 93 gainers, 71 losers and 119 counters unchanges.
Last Friday, its share prices hit limit down and trading was suspended in the afternoon session.
My EG released a press statement to Bursa Malaysia last Friday that its company was not implicated in the charges against Ahmad Zahid. He was hit with 45 charges of corruption and criminal breach of trust (CBT).
CIMB Equities Research believes the plunge in the share price last Friday to a low of RM1.05 could be an opportunity to accumulate the stock.
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