Ni Hsin plunges 20pct in early session after Bursa query
KUALA LUMPUR: Ni Hsin Group Bhd's share price extended its decline today after Bursa Malaysia issued an unusual market activity (UMA) query following sharp movements in its shares.
Ni Hsin Group Bhd's share price plunged 20.27% in early trading on Friday following a market activity (UMA) query from Bursa Malaysia. The counter fell from 38 sen to 29.5 sen, with 43.7 million shares traded. This decline comes after a 13 sen drop on Thursday, bringing the share price from 50 sen to 37 sen, a 41% decrease from its 50 sen closing price on Wednesday. The market query marks the second time Bursa Malaysia has sought clarification from Ni Hsin regarding unusual trading activity in recent months.
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