MELEWAR GETS BURSA QUERY OVER SHARE SPIKE
PETALING JAYA: Melewar Industrial Group Bhd yesterday, was slapped with an unusual market activity (UMA) query following the recent rise in the price and volume of its shares. The group was required to disclose any corporate development, rumour or other possible explanation that might have contributed to the unusual share price and volume movements. Melewar shares have been on the rise since the beginning of the month with a gain of 44%. The counter soared 14 sen or 35% to 54 sen yesterday on some 36.38 million shares done, being the second most actively traded stock.