Monday, November 14, 2011

Bursa Securities queries SFY Resources

KUALA LUMPUR (Nov 14): Bursa Malaysia Securities Bhd has queried SYF RESOURCES BHD [] whose shares surged in heavy volume despite the absence of any fresh corporate news.

'We draw your attention to the sharp increase in price and high volume of your company's securities recently,' it said on Monday, Nov 14.

At 10.45am, SYF rose 14 sen to 81 with 21.7 million shares done, while its warrants jumped 23.5 sen to 58 sen with 18 million units traded.

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