Public Bank shares jump as bonus shares go ex

The research house kept the banking stock an Add and its top pick for the sector as it regards the bank as the most defensive amid its expected industry-wide rise in gross impaired loan (GIL) ratio in 2021F as a result of the Covid-19 pandemic.

KUALA LUMPUR: Shares of Public Bank rose to a high of RM4.97 in early trade on Tuesday as the record four-for-one shares went ex.

At 11.18am, its share price was up 28 sen to RM4.54, after adjusting for the bonus issue.