PETALING JAYA: Stocks related to the newly appointed Prime Minister Tan Sri Muhyiddin Yassin, namely Eden Inc Bhd
and THRIVEN GLOBAL BHD, rallied on Monday, despite the broader market continuing to decline, dragged by political turmoil in the country as well as the risk of a global economic slowdown from the outbreak of coronavirus.
At the opening bell yesterday, both companies share prices almost doubled up following the appointment of Muhyiddin as the eighth Prime Minister over the weekend.
Eden, which is in the food and beverage business, went up as high as 90% or 20 sen to 42 sen share before it closed the day at 31.5 sen.
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