Can-One price surge catches Bursa Securities’ eye


KUALA LUMPUR: Bursa Malaysia Securities has queried can manufacturer Can-One after the rally in its share price recently.

The regulator had on Tuesday issued the unusual market activity (UMA) query and advised investors to take note of the company’s reply to the query.

Bursa Securities had directed the company to enquire with the directors, major shareholders and other relevant persons about the UMA.

Can-One’s share price had surged 54 sen or 13.2% from RM4.07 last Friday to RM4.61 at midday on Tuesday.

And since Oct 30, its share price had surged from RM3.47 – an increase of 32.8% -- to RM4.61.

Aside from making tin cans, Can-One also manufactures plastic jerry cans, bag-in-box while it also makes and distributes dairy and non-dairy products.





Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Second phase of London's Battersea Power Station to be opened to public next year
CPO futures seen trading higher next week on improved sentiment, may hit RM5,050
US to lift restrictions Nov 8 for vaccinated foreign travelers
China aluminium firm Zhongwang flags 'severe difficulties' at subsidiaries
Toyota cuts November output, after supplies slowed from Malaysia and Vietnam
Oil prices rise to three-year high on back of supply deficit forecasts
World stocks notch best day in 5 months
DNB gets Malaysia ready for 5G
Telcos post-5G rollout
Short Position - Listed companies, healthcare valuations, demographic dividend

Others Also Read


Vouchers