Zetrix AI hit with UMA query after shares plunge 50pct
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity query to Zetrix AI Bhd following the sharp fall in its share price and heavy trading volume today.
Bursa Malaysia Securities has issued an unusual market activity query to Zetrix AI Bhd following a sharp 50% plunge in the company's share price and heavy trading volume on today's trading session. Zetrix shares hit a limit down, falling to 29.5 sen from 30 sen, making it the most actively traded stock on Bursa Malaysia. The regulator has requested an explanation from Zetrix regarding any unannounced corporate developments that could account for the unusual trading activity, including any at negotiation or discussion stages.
Bursa also asked the company to confirm its compliance with listing requirements, particularly immediate disclosure obligations. No official explanation has been provided for the sell-off, which began the previous day with a 10% loss due to heavy selling pressure.
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