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Bursa queries Hengyuan on share price surge

Mimi Sabreena 1:24:00 PM Informasi

KUALA LUMPUR (July 31): Bursa Malaysia has issued an unusual market activity (UMA) query on Hengyuan Refining Co Bhd's recent share price surge.

Hengyuan shares, which closed at RM5.68 on July 20 this year, ended at RM6.90 last Friday (July 28).

At 12:30pm today, the stock rose 93 sen to settle at RM7.83, for a market value of RM2.3 billion. Hengyuan, which was Bursa Malaysia's top gainer, saw some six million shares traded.

Bursa Malaysia told Hengyuan: "We draw your attention to the sharp rise in price of your company’s shares recently."

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