Bursa Malaysia issues UMA query to BSL Corp

KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to BSL Corporation following the sharp fall in the price and rise in the volume of its shares recently.

At midmorning, the consumer electrical and electronics components maker’s shares declined one sen, or 16.67 per cent, to five sen with 16.96 million shares transacted. Yesterday, the counter closed at 6.0 sen, down from 13.5 sen on Friday last week.

"Investors are advised to take note of the company’s reply to the above UMA query, which will be posted on Bursa Malaysia’s website under the Company Announcements (section) when making their investment decision," the exchange said in a statement today.

The BSL group is mainly involved in the manufacture of precision metal parts and components for various product segments such as home appliances, computer, television, automotive, automation, industrial and data storage products. In addition, it provides printed circuit board and electronic manufacturing services assembly operations. - Bernama.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

MAHB sustains above nine million passenger movements in April 2023
Leong Hup’s 1Q net profit rises 8.7% to RM22mil
Kitacon’s subsidiary bags RM80.95mil construction job from Boustead Balau
Iconic Worldwide continues to bet on long-term glove demand
Pekat Group posts lower 1Q net profit
PPB Group 1Q net profit rises to RM377.53mil
Demand for chocolate a boost for Guan Chong
IHH 1Q net profit soars to RM1.39bil, lifted by one-off gains, high patient volume
Ringgit ends lower against the US dollar
Public Mutual declares RM217mil distributions for 7 funds

Others Also Read