Malaysia Market :Bursa Securities queries Hibiscus over unusual market activity

Bursa Malaysia Securities has queried Hibiscus Petroleum Bhd over the unusual market activity (UMA) of its shares recently.

“We draw your attention to the sharp increase in price and high volume of your company’s securities recently,” it said.

At 11.33am, Hibiscus was up two sen to 78.5 sen. There were 49.43 million shares done at prices ranging from 78 sen to 84 sen.

Bursa Securities advised investors to take note of the company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, when making their investment decision.(theedgemalaysia.com)