Harvest Court shares continue to climb

Shares of Harvest Court Industries continued to climb today.

 

As at 10.56am, the counter jumped 23 sen to RM1.56 with 1.1 million shares transacted and was one of the top gainers.

 

The counter rebounded last Friday after sliding for the two previous

days.

 

The counter also resumed trading as a designated counter last Wednesday. 

 

Bursa Malaysia requires an upfront payment for trading in the company's shares to curb excessive speculation. Harvest Court's share has surged to record high in the past month.

 

The company's share price soared after it was revealed that that Nazifuddin Najib (right) , the second son of the prime minister, was appointed to the board.

 

The timber company had struggled financially over the last few years but has become a top performer in Bursa Malaysia over the past two weeks.

 

- Bernama