17-07-2025
- Business
- New Straits Times
Pos Malaysia soars, one of Bursa's most active stocks at midday
KUALA LUMPUR: Shares of Pos Malaysia Bhd jumped as much as 18 per cent by midday break as the trading volume surged to a two-month high.
The national courier's share price hit an intraday high of 29.5 sen by midday, climbing from Wednesday's close of 25 sen.
Trading volume swelled to 9.67 million shares - the highest since May 19, 2025, when 5.2 million units changed hands at the same price level.
The stock initially slipped to a low of 24 sen in early trade before rebounding sharply to become one of the most actively traded counters on Bursa Malaysia.
By 12.30pm, Pos Malaysia closed the morning session at 28 sen, up three sen or 12 per cent, valuing the company at RM211.35 million in market capitalisation.
The stock has gained 14 per cent so far this year.
Pos Malaysia is majority-owned by tycoon Tan Sri Syed Mokhtar Al-Bukhary, who holds a 53.49 per cent stake in the company.
Pos Malaysia reported a wider net loss for the first quarter ended March 31, 2025 due to lower revenue from its postal and logistics segments.
Its net loss for the quarter widened to RM41.5 million from a net loss of RM19.7 million a year earlier.
Pos Malaysia has been loss-making since the third quarter of FY18.
