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UMA Bursa queries MNC after sharp fall in share price

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UMA Bursa queries MNC after sharp fall in share price Empty UMA Bursa queries MNC after sharp fall in share price

Post by Cals Mon 28 Apr 2014, 22:33

UMA Bursa queries MNC after sharp fall in share price
Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com   
Monday, 28 April 2014 19:33

KUALA LUMPUR (Apr 28): MNC Wireless Bhd has been issued an unusual market activity (UMA) query by Bursa Malaysia after its share price hit limit down.

At 5.00 pm market close, MNC shares fell 23 sen or 61% to 15 sen with volume of 20.6 million shares.

The stock had earlier dropped by 25.5 sen or 67% to an intraday low of 12.5 sen.

Bursa Malaysia has ordered the company to respond after enquiring with its directors, major shareholders and any other relevant parties.

The exchange questioned whether there were any corporate developments, rumour, report or any other possible explanation for the sharp drop in its price.
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