EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia

KUALA LUMPUR: Electric-vehicle-(EV)-related stocks saw buying momentum following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery EVs (BEVs) into Malaysia.

In early trade on Thursday, KESM Industries Bhd surged 26 sen to RM8.40, Pentamaster Corporation Bhd added 4.0 sen to RM4.94, Genetec Technology Bhd gained 2.0 sen to RM2.83 and Hong Seng Consolidated Bhd climbed up half a sen higher at 13.5 sen.

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Tesla , battery electric vehicles , KESM ,  Miti , BEV global leaders

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Market Summary

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Market Movers

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-CWCD 0.095 0.110 0.080 0.100 0.0000.002,376,644
    HSI-PWDN 0.100 0.110 0.090 0.095 0.0000.001,996,534
    NATGATE 1.400 1.660 1.400 1.450 0.15011.541,649,357
    HSI-PWD2 0.150 0.160 0.135 0.145 0.0000.00711,536
    INGENIEU 0.030 0.035 0.025 0.030 -0.005-14.29592,375
    GENM 1.900 1.910 1.800 1.810 -0.090-4.74587,181
    SIMEPROP 1.360 1.360 1.270 1.300 -0.090-6.47385,085
    HSI-PWD5 0.210 0.235 0.195 0.210 0.0052.44381,258
    VELESTO 0.170 0.170 0.155 0.160 -0.010-5.88372,060
    MYEG 0.920 0.920 0.900 0.900 -0.035-3.74364,577
    HSI-CWCA 0.115 0.140 0.095 0.120 -0.005-4.00326,454
    MYEG-C8K 0.090 0.090 0.080 0.080 0.0000.00321,323
    KGROUP 0.005 0.010 0.005 0.005 -0.005-50.00321,006
    GCB-C16 0.060 0.065 0.040 0.055 0.0000.00313,478
    SNS 0.380 0.385 0.340 0.360 -0.030-7.69272,185

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