KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Globaltec Formation Bhd following a recent sharp decline in its share price, coupled with increased trading volume.
The integrated manufacturing services solutions provider tumbled 27%, or 27 sen, to 73 sen at 3.22 pm. Over the past five trading days, the counter has fallen 35.96%.
Bursa advised investors to take note of Globaltec’s reply to the query, which will be made available on Bursa Malaysia’s website under the company announcements section, before making any investment decisions.
