As aluminium prices continue to experience an upward trend since the start of the Middle East conflict, shares of Press Metal Aluminium Holdings Berhad, the largest integrated aluminium producer in Southeast Asia, achieved a record all-time high on April 24. The stock experienced an intraday high of 5.1 per cent or 41 sen, reaching MYR 8.48 (USD 2.14) per share, before closing at 8.42 (USD 2.13) per share, reflecting a 4.3 per cent rise.
Year-to-date (YTD) record shows that the company’s shares have risen 19.43 per cent, climbing from MYR 7.05 (USD 1.78) per share on January 2, 2026, to MYR 8.42 (USD 2.13) on April 24.
A 74.69 per cent year-on-year (Y-o-Y) can be noticed too, as the share price climbed from MYR 4.82 (USD 2.13) per share on April 18, 2025, to MYR 8.42 (USD 2.13) on April 24.
Since February 27, 2026, the day before the geopolitical tensions unfolded due to the Middle East conflict, Press Metal’s market capitalisation has risen by 18.1 per cent or MYR 10.66 billion (USD 2.7 billion), soaring to MYR 69.38 billion (USD 17.55 billion), from MYR 58.72 billion (USD 14.85 billion) on Feb 27, when the stock closed at MYR 7.13 (USD 1.8).