Poh Kong leaps to 22-month high as investors seek safe haven in gold
KUALA LUMPUR (Jan 8): Shares in jeweller Poh Kong Holdings Bhd rose more than 9% to hit its 22-month high this morning, as investors sought safe haven in gold in view of escalating tensions between the US and the Middle East.
The gold and gemstones jewellery retail chain, which hit a high of 59 sen so far today, was last traded at 57.5 sen at the point of writing, up 3.5 sen or 6.5% from its last closing price. At its current price, Poh Kong is valued at RM235.95 million.……
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