Quick take: High-Tech jumps 19%, top gainer on Bursa Malaysia


KUALA LUMPUR: Shares in Kumpulan H & L High-Tech Bhd (High-Tech) continued to attract investors' interest in early trade Monday.

The engineering services provider surged 19.86%, or RM1.12 to RM6.75, making it the top gainer on Bursa Malaysia with over 3.5 million shares traded.

Last Friday, High-Tech received an unusual market activity (UMA) query from Bursa Malaysia over the recent spike in its share price and volume.

The bourse queried whether there is any unannounced rumour, report or corporate development concerning the group’s business and affairs – or any other explanation – that can account for the unusual trading activity.

High-Tech has yet to reply to Bursa's query.

Bursa said investors are advised to take note of High-Tech’s reply to the UMA query, when making their investment decision.

In the first six months to April 2021, High-Tec posted a net profit of RM4.37mil on revenue of RM11.23mil.

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H & L High-Tech , UMA , Bursa Malaysia

   

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