Quick take: CN Asia hits limit-up in early trade


KUALA LUMPUR: CN Asia Corp Bhd, which received an unusual market activity (UMA) yesterday, hit limit up in early trade Tuesday.

The counter surged 29.55%, or 39 sen to RM1.71, with over 1.5 million shares traded. It is currently the top gainer on Bursa Malaysia.

So far this year, it has appreciated over 300%. Since the beginning of December, the counter has risen some 190%. At the current price, the company has a market capitalisation of RM93.8mil.

In replying to the UMA Query, CN Asia said it is unaware of any reason that could account for the recent sharp rises in its share price and trading volume.

It said it is not aware of any corporate development relating to its business and affairs that has not been previously announced, or any rumour or report, that may account for the trading activity.

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

CN Asia Corp , UMA , limit-up

   

Next In Business News

Ringgit opens unchanged govt tackles food supply issues
Foreign inflow continues to the sum of RM26.15mil
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

Others Also Read