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IHH rises on bargain hunting amid currency exchange concerns
KUALA LUMPUR (June 1): IHH Healthcare Bhd shares rose as much as 16 sen or 3% today on bargain hunting after the stock's recent losses amid concerns about the impact of currency exchange volatility on IHH.
This is because the global hospital operator's income and borrowings are denominated in foreign currencies.
At Bursa Malaysia today, IHH shares rose to their highest so far at RM5.95. At 3:39pm, the stock was traded at RM5.93, for a market capitalisation of RM48.76 billion.
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