EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia

KUALA LUMPUR: Electric-vehicle-(EV)-related stocks saw buying momentum following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery EVs (BEVs) into Malaysia.

In early trade on Thursday, KESM Industries Bhd surged 26 sen to RM8.40, Pentamaster Corporation Bhd added 4.0 sen to RM4.94, Genetec Technology Bhd gained 2.0 sen to RM2.83 and Hong Seng Consolidated Bhd climbed up half a sen higher at 13.5 sen.