CN Asia gets UMA query


Bursa Securities had directed the company to check with its board of directors and shareholders on the reason for the rise in share price and advise investors accordingly.

KUALA LUMPUR: Bursa Malaysia Securities has issued an unusual market activity (UMA) query to CN Asia Corp Bhd due to its recent sharp rise in its share price and volume.

The shares are up 65% in the past five days and had risen 113% in the past 30 days.

So far this year, it has appreciated over 218%.

Bursa Securities had directed the company to check with its board of directors and shareholders on the reason for the rise in share price and advise investors accordingly.

“Investors are advised to take note of the company’s reply to the UMA query, which will be posted on Bursa Malaysia’s website under company announcements, when making their investment decision, ” it said.

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

UMA query , Bursa Malaysia , CN Asia Corp , shares ,

   

Next In Business News

Bursa stays optimistic on upcoming corporate results
Trading ideas: Allianz, Pharmaniaga, MMHE, Sime Darby Plantation, Sarawak Plantation, IOI, ELK-Desa Resources, Zelan, YB Ventures, Gets Global and China Automobile Parts
Avoiding the credit bubble trap
Record food costs throw spotlight on China
Texchem to pour RM44mil into expansion
The week ahead - Inflationary pressure, Singapore CPI, GDP, Monetary policy decisions
Piasau Gas to gain from Sarawak’s natural gas resources
EV can become key economic contributor
Insight - Is country’s surprise interest rate hike the right move?
Insight - Markets could get much uglier if Fed has to choose

Others Also Read