Petronas Shares and Revenues Escalated Recently, though Reached Lower-than-Expected Level

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02 Sep 2011 06:59 Helen Clark

CHEMMONITOR.COM – Shares of Petronas Chemicals Group Berhad (PGG) are reported to have recently showed an upward surge. The increase followed a recent selldown of a large number of shares. A lower level of revenues, not corresponding to the expected one, did not affect the hike. Search for bargains is reported to continue, though at a smaller extent. Company’s shares increased by 8 sen to be estimated at ringgit (RM) 6.11. However, there are over 1.15 million shares available.

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