Bursa queries Merge Energy on share price rise

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KUALA LUMPUR (Oct 15): Bursa Malaysia had today issued an unusual market activity (UMA) query on the recent sharp rise in the price of Merge Energy Bhd shares.

Today, Bursa told Merge Energy: "We draw your attention to the sharp rise in price of your company’s shares recently." 

At the time of writing this report today, Merge Energy had not responded to Bursa's UMA query. 

At 10:24am, Merge Energy shares rose 5.5 sen or 10.19% to 59.5 sen, with some four million shares traded.