Willowglen in dark over reason for share price spike

PETALING JAYA: Willowglen MSC Bhd, in its response to an Unusual Market Activity (UMA) query, said all relevant matters have been announced, and that it has no explanation for the recent trading activity in its shares.

Willowglen was issued an UMA query by Bursa Malaysia Securities yesterday over the sharp rise in price of the company’s shares. The integrated security system developer’s share price rose 29.41% or 30 sen, closing at RM1.32 yesterday, with some 10.7 million shares changing hands.

The stock exchange advised investors to take note of the company's reply to the UMA query which will be posted on Bursa Malaysia’s website.