Maybank rises after EPF ups stake, foreign shareholding rebounds from lowest in four years
Malayan Banking Bhd's (Maybank) share price settled higher at Wednesday's (Oct 27) Bursa Malaysia afternoon break after Maybank said on Tuesday (Oct 26) the Employees Provident Fund (EPF) upped its direct stake in Maybank to 14.1% comprising 1.67 billion shares on Thursday (Oct 21) when the EPF acquired 12.62 million shares and as investors took cue from Maybank's higher foreign shareholding update.
Source: theedgemarkets.com