KUALA LUMPUR (June 10): Bursa Malaysia has issued an unusual market activity (UMA) query on the recent sharp rise in the share price of Kumpulan Powernet Bhd, according to a statement on the regulator's website today.
"We draw your attention to the sharp rise in price of your company's shares recently," Bursa told the warp-knitted fabric manufacturer.
At 11:43am today, Kumpulan Powernet shares rose four sen or 5.06% to 83 sen.
The stock saw some two million shares traded.