Bursa issues UMA query on sharp rise in Samaiden share price, volume

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KUALA LUMPUR (Nov 20): Bursa Malaysia had today issued an unusual market activity (UMA) query on the sharp rise in the price and volume of renewable energy company Samaiden Group Bhd's shares recently.

"We draw your attention to the sharp rise in price and volume of your company’s shares recently,” Bursa told Samaiden.

Samaiden had carried Bursa’s UMA query in a filing on the exchange’s website today.

At 5pm, Samaiden’s share price closed up 24 sen or 19.05% at RM1.50 for a market capitalisation of about RM315 million. The stock saw some 171 million shares traded.

Yesterday, Samaiden hit limit up after its share price climbed 30 sen or 31.25% to its intraday high at RM1.26.

At the time of writing today, Samaiden had not responded to Bursa’s UMA query.

Chong Jin Hun