Bursa queries Magna Prima over UMA

KUALA LUMPUR: Bursa Malaysia has issued an unusual market activity (UMA) query to Magna Prima Bhd due to a limit-up in the price of the company’s shares.

Bursa, in a statement, advised investors to take note of the company’s reply to the query which would be posted on the Bursa website under company announcements.

Limit-up refers to the maximum amount by which the price of a stock may advance in a single trading session while limit-down refers to the maximum price drop allowed. The price band for stocks priced below RM1 on Bursa Malaysia is 30 sen with stocks priced at RM1 and above at 30%. — Bernama

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