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KUALA LUMPUR (Oct 9): Advance Synergy Bhd, Malayan United Industries Bhd (MUIIND), and Pan Malaysia Holdings Bhd climbed and topped Bursa Malaysia’s active roster in morning trading today after PKR President Datuk Seri Anwar Ibrahim said yesterday that he was granted an audience with Yang. di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah next Tuesday.
“At the meeting, I will present documentation of the strong and convincing majority of the deputies (members of Parliament) as I mentioned earlier,” Anwar said yesterday via Twitter.
At 11:59 a.m. today, Advance Synergy’s share price rose 6.5 sen to 28.5 sen, MUIIND rose 1.5 sen to 15.5 sen, while Pan Malaysia Holdings rose six sen to 20, 5 sen.
The main active stocks Advance Synergy saw around 584 million shares trade, while MUIIND saw around 292 million shares change hands. Pan Malaysia Holdings recorded a volume of 178 million shares.
Anwar’s sister, Farizon Ibrahim, is a director of MUIIND and Pan Malaysia Holdings.
MUIIND said on its website that in addition to MUIIND and Pan Malaysia Holdings, Farizon is also on the boards of Pan Malaysia Industries Bhd, Pan Malaysia Capital Bhd, and Metrojaya Bhd.
Meanwhile, news reports have indicated that Advance Synergy Group Chairman Datuk Ahmad Sebi Bakar is linked to Anwar, although the reports do not say how they are linked.
MUIIND and its member companies are known as MUI Group, which includes Pan Malaysia Corp Bhd and MUI Properties Bhd.
Today in Bursa, Pan Malaysia Corp and MUI Properties share prices also rose among the most actively traded stocks.
Pan Malaysia Corp rose three sen to 18 sen, while MUI Properties rose two sen to 30 sen.
Pan Malaysia saw around 72 million shares traded, while MUI Properties saw around 65 million units traded.
Anwar’s claim yesterday that he was granted an audience with the Yang di-Pertuan Agong followed news reports about two weeks ago when Anwar declared that he had gathered a “formidable” majority among federal lawmakers to oust Prime Minister Tan Sri. Muhyiddin Yassin.
Anwar was reported to have claimed that he had won the support of nearly two-thirds of the 222 legislators in Parliament, without giving actual figures or revealing who had pledged their support.
“The latest twist in Malaysia’s long struggle for power comes after the coronavirus pandemic saw the country’s export-driven economy register its first contraction in the second quarter since the 2009 global financial crisis.
“Muhyiddin, whose seven-month coalition has survived with a slim majority, had previously dismissed Anwar’s claim as a ‘mere indictment’ and told him to prove his majority through constitutional process,” Reuters reported yesterday.
At the time of writing this theedgemarkets.com report today, Yang di-Pertuan Agong’s official portal showed that Istana Negara or the National Palace had not issued a statement in response to Anwar’s claim about the royal audience.
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