Thursday 18 Apr 2024
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KUALA LUMPUR(Nov 19): ACE-market listed Oriented Media Group Bhd has been issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd today, due to the rise in price and volume of the information technology products and services provider's shares recently

Oriented Media has been on an upward trend since its charted a price of 19 sen on Oct 15. In slightly more than a month, its share price has almost tripled to a high of 54.5 sen this morning.

The company had said on Monday (Nov 16) that it will work on its growing its e-commerce business in China through its subsidiary Fujian Accsoft Technology Development Co Ltd, and is optimistic about the country’s huge e-commerce market.

Oriented Media's shares erased 4.6% or 2.5 sen of its morning gains and was trading at 52 sen at 12.20 pm today, with 3.1 million shares traded and a market capitalisation of RM113.15 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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