PETALING JAYA: Less than a week after making its debut on the ACE Market, Bioalpha Holdings Bhd has received an unusual market activity (UMA) query for the meteoric rise in its share price and heavy volume.
Since it was listed last Tuesday, the stock has more than doubled from its initial public offering (IPO) price of 20 sen. It reached a high of 47 sen yesterday, representing a 135% hike compared with its IPO price before settling at 41.5 sen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!