Friday 29 Mar 2024
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KUALA LUMPUR (June 10): Trive Property Group Bhd was slapped with an unusual market activity (UMA) query by Bursa Malaysia on the recent surge in its share price and volume.
 
Its shares has more than doubled to 10.5 sen today, from 4.5 sen — the closing price it recorded on June 8. As at 4.27 p.m., the stock had pared some gains and was trading at 9 sen, still up 27.6%, giving it a market capitalisation of RM108.7 million.

Trading volume today was at 176.11 million, significantly higher than its 200-day average volume of 4.22 million. Year-to-date, the counter has gained 90%.
 
In the UMA query, the regulator requested the company to share if there was any rumour, report or corporate development relating to the group’s business and affairs that had not been previously announced, that may account for the trading activity, including those in the stage of negotiation/discussion.
 
The regulator also warned investors to take note of the company’s reply, when making their investment decision.

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