Tuesday, November 1, 2011

Bursa Securities queries Maxbiz over unusual market activity

KUALA LUMPUR (Nov 1): Bursa Malaysia Securities Bhd has queried MAXBIZ CORPORATION BHD [] over the unusual market activity regarding its share price and trading volume.

It said on Tuesday the query was due to the sharp''increase''in the price and high volume of the company's shares recently.

Bursa Securities said investors should take note of the company's reply to the query which will be posted on Bursa Malaysia's website under company announcements when making their investment decision.

At 11.27am, the share price was up four sen to 13 sen and it was the most active with 26.68 million shares done.

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