UMA Bursa queries NWP on share price, volume surge
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UMA Bursa queries NWP on share price, volume surge
- UMA
[size=28]Bursa queries NWP on share price, volume surge
By Christina Ramani / theedgemarkets.com | April 19, 2016 : 2:05 PM MYTKUALA LUMPUR (April 19): Bursa Malaysia issued an unusual market activity (UMA) query on NWP Holdings Bhd's recent share price and volume surge.
At 12:30pm today, shares of timber products manufacturer NWP rose 5.5 sen or 26% to settle at 26.5 sen for a market value of RM84.8 million. The stock saw some 23 million shares traded.
Yesterday, NWP shares closed higher at 21 sen with 5.58 million units transacted. Prior to yesterday, the thinly-traded stock was last transacted on April 6 this year when it ended at 11.5 sen with 4,000 shares changing hands.
Today, Bursa Malaysia told NWP: "We draw your attention to the recent surge in price and volume of your company's shares."
NWP had not responded to Bursa Malaysia's UMA query at the time of writing.
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