Speculation livens up stock market

A RESURGENCE of interest in low-priced stocks, as traders actively hunt for the next big run in the local stock market, has thrown several penny counters into the limelight in recent weeks.

According to Bursa Malaysia’s record, at least six unusual market activity (UMA) queries have already been issued since the start of this month to penny-stock counters for the steep increase in their prices and sudden surge in volume.