Tuesday, December 20, 2011

Astral Supreme pares gains after Bursa Securities query

KUALA LUMPUR (Dec 20): The securities of ASTRAL SUPREME BHD [] pared their gains in afternoon trade on Tuesday after Bursa Malaysia Securities queried the company over the unusual market activity.

At 3.15pm, the shares were unchanged at 22 sen with 88.88 million shares done after closing at 27 sen at midday.

The warrants were just 0.5 sen higher at 11.5 sen with 40.96 million units done. The warrants climbed to 13 sen at midday

The FBM KLCI fell 8.81 points to 1,468.97. Turnover was 1.06 billion units done valued at RM717.6 million. Losers beat gainers 408 to 286.

Bursa Securities queried Astral Supreme over the sharp''increase''in the price and high volume of the company's securities recently.

The regulator had on Tuesday issued the unusual market activity query to Astral Supreme before the midday break.

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