Tuesday, November 9, 2010

K-One surges, prompts Bursa Securities

KUALA LUMPUR: Shares of K-ONE TECHNOLOGY [] BHD [] advanced in active trade on Tuesday, Nov 9, prompting Bursa Malaysia Securities Bhd to query the company over the unusual market activity (UMA).

At 11.12am, K-One was was up 12 sen to RM1.55. There were 1.97 million shares done at prices ranging from RM1.48 to RM1.60.

'Bursa Malaysia Securities Bhd has on Nov 9, 2010 issued an UMA query on the trading of the company's securities,' said the regulator. The query was over the unusual sharp rise in price in the company's securities recently.


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