Markets

Frenzied trading of penny stocks propels volume to over 26b shares

By Joseph Chin
On Friday, trading volume surged to a dizzying 26.65 billion shares, which was unheard of and almost double from the volume of 13.12 billion units on Monday.

KUALA LUMPUR: What a week it has been for Bursa Malaysia as frenzied buying of penny stocks and heavy churning saw trading volume break fresh records several times.

At 5pm on Friday, trading volume surged to a dizzying 26.65 billion shares, which was unheard of and double the 13.12 billion units on Monday. Trading value on Friday was RM9.04bil.

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