Monday, 20 June 2016

Asia Media queried over sharp rise in share price

Bursa Malaysia Securities has queried Asia Media Group Bhd over the unusual market activity in the trading of its shares.

At 4pm, shares of the digital out-of-home transit TV company had jumped 3.5 sen to 14 sen. Turnover was over 37 million shares.

The FBM KLCI rose 6.97 points or 0.43% to 1,631.15. Turnover was 989.06 million shares valued at RM1.07bil. There were 309 gainers, 381 losers and 336 counters unchanged.

Bursa Securities had queried Asia Media over the sharp rise in price and volume of the company's shares recently.

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