Zahid's daughter now chairs listed firm, share price jumps

Share price in an industrial mould manufacturer, MQ Tech soared by 50 percent following the appointment of Ahmad Zahid Hamidi as deputy prime minister.

MQ Tech was trading at around RM0.05 for most of the past week until Friday afternoon - when the cabinet appointments were announced, which saw its share price briefly rise to RM0.06.

When markets reopened yesterday (Monday, Dec 5), MQ Tech's share price reached a high of RM0.075.