Thursday, July 28, 2011

SCIB active, up in early trade

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) shares continued to be actively traded on Thursday, July 28 despite the company saying it was not aware of any corporate developments or rumours concerning its business that caused of the unusual market activity (UMA) in the company's shares on Wednesday, July 27.

At 9.25am, SCIB rose 10 sen to 75 sen with 4.02 million shares traded.

SCIB yesterday said it was unaware of any reason for the spike in its share price in response to Bursa Malaysia Securities Bhd's UMA query to the company earlier in the day after the stock hit limit-up in the morning trading session.

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