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KUALA LUMPUR, April 28 -- Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to SMIS Corporation Bhd following the sharp rise in its share price and trading volume today.
"Investors are advised to take note of the company’s reply to the UMA query, which will be posted on Bursa Malaysia’s website under the Company Announcements (section) when making their investment decision," the exchange said in a statement today.
SMIS Corp is mainly involved in machinery and industrial solutions, and is a supplier of automotive interior furnishing and components in Malaysia.
At 4.20 pm, SMIS Corp shares rose 29 sen to 90 sen with 2.96 million shares transacted.