KUALA LUMPUR (March 7): Bursa Malaysia had today issued an unusual market activity (UMA) query on the recent sharp rise in cement manufacturer Lafarge Malaysia Bhd's share price.
"We draw your attention to the sharp rise in price of your company’s shares recently," Bursa Malaysia told Lafarge today in a statement on Bursa Malaysia's website.
Earlier today, the share price of Lafarge hit limit up after rising as much as 60 sen or 30% to RM2.60. At 4:03pm, Lafarge was traded at RM2.36 among Bursa Malaysia top gainers.
Lafarge saw some three million shares traded. At the time of writing, Lafarge has yet to issue a statement in response to Bursa Malaysia's UMA query.