Jewellers hit limit up as gold prices surge

Poh Kong (pic), Tomei jump more than 30% to multi-year highs

PETALING JAYA: Shares in Poh Kong Holdings Bhd and Tomei Consolidated Bhd hit limit up after jumping more than 30%, as gold prices hit a fresh record high of US$2,000 per ounce.

With the yellow metal prices on a surge, Poh Kong’s shares rose 30 sen, or 38.5%, to close at RM1.08 yesterday, while Tomei shares also gained 30 sen, or 34.1%, to end at RM1.18.