KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to BSL Corporation following the sharp fall in the price and rise in the volume of its shares recently.
At midmorning, the consumer electrical and electronics components maker’s shares declined one sen, or 16.67 per cent, to five sen with 16.96 million shares transacted. Yesterday, the counter closed at 6.0 sen, down from 13.5 sen on Friday last week.
"Investors are advised to take note of the company’s reply to the above 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.
The BSL group is mainly involved in the manufacture of precision metal parts and components for various product segments such as home appliances, computer, television, automotive, automation, industrial and data storage products. In addition, it provides printed circuit board and electronic manufacturing services assembly operations. - Bernama.
