Friday, 4 November 2011

ARK advances after lifted from PN 17

KUALA LUMPUR (Nov 4): Shares of ARK RESOURCES BHD [] surged on Friday after it was uplifted from the Practice Note 17.

At 12.05pm, the shares were up 18 sen to 51.5 sen with 826,800 units done while the warrants, ARK-WB surged 16 sen to 36 sen with 24,000 units transacted.

The FBM KLCI rose 7.89 points to 1,470.26. Turnover was 1.23 billion shares valued at RM596.04 million. Gainers beat losers 504 to 115 while 205 stocks were unchanged.

A Bursa Malaysia circular said on Thursday the company had regularised its financial condition and did not trigger any of the criteria under the PN17 classification of the Main Market Listing Requirements of Bursa Malaysia Securities Bhd.
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