Published: Wednesday August 29, 2012 MYT 6:15:00 PM
Bursa queries Pasukhas after share price surges 400%
KUALA LUMPUR: Bursa Malaysia Securities has queried Pasukhas Group Bhd after its share price surged 404% to close at 60.5 sen on its first trading day on the ACE Market on Wednesday.
At the close, the share price had jumped 48.5 sen to 60.5 sen. It was the most active with 67.05 million shares done. The offer price was 12 sen.
However, the FBM KLCI closed down for the fifth day, shedding 1.53 points or 0.09% to 1,645.58. Turnover was 1.26 billion shares valued at RM1.29bil. There were 352 gainers, 363 losers and 368 stocks unchanged.
Bursa Securities issued an unusual market activity (UMA) query on the sharp rise in price of Pasukhas' shares.
In the query, Bursa Securities advised investors to take note of the company's reply to the UMA query which would be posted at Bursa Malaysia's website under the company announcements.