Quick take: Bat rises 6% on Government’s measures on illicit cigarette

KUALA LUMPUR: Shares in British American Tobacco (M) Bhd rose over 6% in early trade Monday following the Budget 2021 announcement on excise duty on electronic, non-electronic cigarette devices and vape liquids beginning January 2021.

The tobacco company rose 6.46%, or 66 sen to RM10.88 with over two million shares traded. It is the second top gainer on Bursa Malaysia.