Spotlight on penny stocks, several firms told to explain price hikes


PETALING JAYA: A handful of penny stocks on the ACE Market stole the limelight, with their shares seeing active trading and steep price hikes and regulators issuing a series of queries to these companies.

Harvest Court Industries Bhd, for one, hit limit-up yesterday, rising 34.9% or 30.5 sen in just one day to a record high of RM1.18 on volume of 23.6 million shares.

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