Anzo's share price climbs further after recent selldown

KUALA LUMPUR (June 6): Shares in Anzo Holdings Bhd continued to see active investor interest after the company was recently reported as one of the counters that may have been affected by funds from illegal schemes.

At 12.12pm, the counter was up 1 sen or 4.17% at 25 sen per share with a total of 37.76 million shares crossed so far.

Anzo's warrants A and B had also seen upticks in their prices, with Warrant A rising 1.5 sen or 17.65% to 10 sen and Warrant B climbing 1 sen (11.11%) also to 10 sen. Warrant A saw total of 2.78 million units traded, while 1.45 million units of warrant B had changed hands.

Anzo was listed as one of the counters linked to Water Beaute World Bhd, a get-rich-quick scheme that was highlighted in a report by The Edge Malaysia weekly in its latest edition.

The report had stated that some counters trading on the local bourse had been affected by funds from such schemes and fake online investment.

Yesterday, Anzo had closed up 0.5 sen or 2.1% at 24 sen after having fallen some 55% since hitting a five-year high of 54 sen on April 23. — theedgemarkets.com

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