Thursday 28 Mar 2024
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KUALA LUMPUR (June 9) Eonmetall Group Bhd has received an unusual market activity (UMA) query from Bursa Malaysia, after its shares surged 7.23%.

At 3.57pm, the stock was up six sen at 89 sen after earlier rising to 91 sen, with 4.4 million shares done, for a market capitalisation of RM41.5 million. The shares have increased 55.56% within a year.

The metalwork and industrial process machinery and equipment manufacturer was asked whether there is any corporate development, including those in the negotiation or discussion stage, that has not been announced that might account for the trading activity.

Bursa also asked the company if there was any rumour or report concerning its business and affairs, or if it was aware of any other possible explanation for the unusual activity.

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