Shares of courier service companies were seen to be most actively traded at the Malaysian bourse session this morning when investors were positive on the Communications and Multimedia Commission's (MCMC) move to freeze all new courier service licenses for 2 years.
According to The Edge, GD Express Carrier Bhd jumped 5 sen or 13.33% to 42.5 sen.
At 10.32am, the company's shares were at 41 sen but still saw an increase of 3.5 sen or 9.33% compared to the previous trading session.
The company saw 92.86 million shares change hands, making it the second most actively traded counter to date.
Nationwide Express Holdings Bhd also recorded an increase of 22.5 sen or 37.82% to 82 sen. At 10.34am, its stock was at 78.5 sen but still showed a jump of 19 sen or 31.93%.
The firm saw a total of 28.48 million shares traded.
This movement is considered positive for existing market players as competition in the courier services sector will not be more intense.
But analysts believe that the existence of many existing courier service companies at this time will continue to provide low profit margins despite the growing demand for delivery services.
