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MPI market cap tops RM9b for first time as share price rises to record high

Business & Finance

KUALA LUMPUR (Aug 2): Malaysian Pacific Industries Bhd’s (MPI) market capitalisation topped RM9 billion for the first time as the semiconductor manufacturer’s share price rose about 3% to a record high in Bursa Malaysia morning trade today.

Investors were anticipating MPI’s fourth-quarter and full-year financial results, which are scheduled to be announced this month and as they weighed prospects for the semiconductor industry against the impact of Covid-19-driven movement restrictions.

At 9.21am today, MPI’s share price had risen RM1.18 or 2.65% to an all-time high of RM45.68, with a market capitalisation of about RM9.05 billion and 15,600 shares traded so far.

MPI’s market valued topped RM9 billion for the first time today from a market capitalisation of about RM8.81 billion last Friday, when its share price closed at RM44.50.

MPI’s share price

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