The stock market’s top gainers on March 4th, 2021 are mainly from the banking sectors with the highest gainer being one of the major players in the alcohol industry.
AMMB Holdings Bhd is among the top gainers after receiving a loss of share price following the group’s announcement regarding its 1Malaysia Development Bhd (1MDB)-linked RM2.83 billion global settlement proposal.
Hong Leong-linked companies are also listed along with Hong Leong Bank Bhd within the top three gainers.
MSM Malaysia Holdings Bhd has been gaining share prices since posting their increase in net profit after making several losses in the previous quarters.
Aside from the sugar refining company, Dataprep Holdings Bhd has recently received a surge in stock prices with no catalyst and have been slapped by a query of Unusual Market Activity (UMA) by Bursa.
Even though MSM Malaysia Holdings received a surge in their stock prices recently, they still had a record of loses in the past five years.
Only Hong Leong-linked companies are the ones that did not make any loses in the past 5 years.
All the companies within the stock market’s top gainers are linked with each other except for Paragon Union Bhd.