Bursa advises caution on Hextech's shares

KUALA LUMPUR: Bursa Malaysia Securities Bhd has advised investors to exercise caution and to make informed decisions in the trading of Hextar Technologies Solutions Bhd (Hextech) shares.

“The exchange will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Hextech shares,” it said in a statement.

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Bursa Malaysia Securities drew investors' attention to the recent sharp rise in the price of Hextech shares and to the company's response to the unusual market activity (UMA) queries issued by the exchange on Oct 19 and Oct 31.

“The company has in its response to the UMA queries confirmed that it was not aware of any corporate development or explanation that could give rise to the unusual trading activities in its share,” it said.

Hextech, the top gainer on Bursa Malaysia, jumped RM1.2, or 7.52%, to RM17.74 at midday with 85,800 shares done. Year-to-date, the counter has appreciated a whopping 609%, or RM15.24.