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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

H & L High-Tech , UMA , Bursa Malaysia


Next In Business News

Muhibbah Engineering-led consortium bags RM322mil job from PETRONAS Carigali
32 companies awarded FiT quotas, set to generate RM1.14bil investments
Bursa Malaysia gives up earlier gains to end lower
Bonia unit to acquire KL property for RM35.51mil
Sunview unit undertakes EPCC of solar energy facility for RM122mil
Gamuda to acquire 30% stake in ERS Energy for RM200mil
China stocks fall on profit-taking following new Covid easing measures
Bank Negara's international reserves rise to US$109.7bil as at Nov 30
CIMB launches sustainability-linked Treasury programme with pioneering clients Farm Fresh and Sunway
India central bank raises key rate, says inflation battle not over

Others Also Read