BURSA TELLS INVESTORS TO TRADE CAUTIOUSLY ON XOX

PETALING JAYA: Bursa Malaysia has cautioned investors for trading in XOX Bhd due to a recent sharp rise in its shares. The stock started to gain traction early last month and has surged more than three fold in the past one month. However, it fell as much as 5 sen or 16.13% to 26 sen yesterday after the warning by Bursa. It closed 2.5 sen lower or 8.06% to 28.5 sen on some 145.95 million shares done, being the most heavily traded stock. Recall that XOX was slapped with unusual market activity (UMA) queries for two times last month, but the management confirmed that it was not aware of any corporate development or explanation that could give rise to the unusual trading activities in its securities. In view of the above, Bursa has advised investors to exercise caution and to make informed decisions in the trading of XOX shares.