Shares of Tomei Consolidated Bhd and Poh Kong Holdings Bhd surged during the trading session on Bursa Malaysia this morning after gold prices hit a three -month high.
Tomei, which was the third most profitable counter this morning, jumped 30 sen or 29.7% to a 9 -month high of RM1.31.
The counter saw 8.93 million shares change hands.
Poh Kong, which was also the fourth most profitable counter this morning, also rose by 23 sen or 28.05% to a 9 -month high of RM1.05.
The counter saw 48.59 million shares traded.
Reuters reported gold prices soared to a three -month high today following a weakening US dollar and declining bond yields.
The situation caused demand for the metal to rise after economic data last week showed U.S. retail sales abruptly delayed last month.
Spot gold rose 0.1% to $ 1,844.60 an ounce at 8.35am this morning after hitting its highest level since Feb. 10 during the Asian trading session.
