Kobay gets UMA query from Bursa Malaysia

KUALA LUMPUR: Bursa Malaysia has issued an unusual market activity (UMA) to Kobay Technology Bhd due to the sharp rise in the price and trading volume recently.

The engineering solutions provider jumped 47 sen, or 24.35% to RM2.40, its highest in a year. The counter surged 43% over the last five trading days.

Bursa Malaysia advised investors to take note of the company’s reply to the UMA query that will be posted on Bursa Malaysia before making their investment decision.