Mycron was requested to reply on UMA during noon 9/9/2016, price was then RM0.78. Price drop to RM0.765 after re-opened in the afternoon. Look at today's price, now is RM0.905.
So, it's normal inquiry process by SC, no following up action will be taken as long as the company reply within the time frame, giving whatever reason including Don't Know.
Melewar slapped with UMA on rise in share price, volume UMA Melewar slapped with UMA on rise in share price, volume Tuesday, 13 Sep 2016 KUALA LUMPUR (Sept 13): Melewar Industries Group Bhd (Melewar) was slapped with an unusual market activity (UMA) query by Bursa securities, on the...
I don't know why everyone so scare of UMA, UMA is just an administrative inquiry to check with the company what is going on. Nothing more.
To make good money in stock market, please try to understand how the rules of bursa go around to avoid unnecessary panic or anxiety. If worry, then better sell & lock in profit, simple as that.
------------------------------------------------------------------ Posted by WealthWizard > Sep 13, 2016 10:23 PM | Report Abuse Mycron was requested to reply on UMA during noon 9/9/2016, price was then RM0.78. Price drop to RM0.765 after re-opened in the afternoon. Look at today's price, now is RM0.905.
So, it's normal inquiry process by SC, no following up action will be taken as long as the company reply within the time frame, giving whatever reason including Don't Know.
Bursa should be able to tell that the rise in price and volume of Melewar is due to the increase in its subsidiary company, Mycron. The fact that it is not able to tell that shows how naive and unprofessional the people there are.
Similarly, Bursa should not be slapping UMA queries on companies when they recently announced impressive earnings as in the case of Mycron.
Bursa queries companies for the rise in share price which is due to an increase in earnings while it is indifferent to the fall in share price owing to the drop in earnings.
Please do your homework instead throwing UMA queries fast and thick, Bursa!
I don't think there is any UMA issued to Airasia when price all the way down from RM3 to RM0.80 & all the way from RM0.80 to RM3, so this is so called SC.
another rout in US and world market erasing all the gains on Tuesday. see how the bloodbath is going to affect Malaysian market later. Saved by a public holiday on Monday and opened on Tuesday with overnight gains in US but Wednesday is going to be sorry for all. Bear market in the making. Watching from the sidelines is more enjoyable than risking all for nothing.
megasteel stop production, extremely undersupplied HRC and CRC in the market.. hence most of the steel counters go up despite DJ and US market drop.. DJ and US market will rebound soon as US interest rate will not go down immediately (uncertainties there).. the earliest period to adjust is post presidency election..
at first i also thought wait Dowjones effect kicks in only i enter at lower cost, now seems like buy queue damn long... queue at .545 then .56 then. 57 still cant enter T_T no bullet liao
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Posted by moneySIFU > 2016-09-13 17:22 | Report Abuse
standard inquiry & standard reply expected.