Tuesday, 8 November 2011

Bursa queries Sanichi over price rally

Sanichi Technology Bhd, a Malaysian precision moulds and toolings company, rose to a three-month high in Kuala Lumpur trading, prompting the stock exchange to query the stock’s recent rally.

Its shares gained 17.7 percent to 10 sen at 9:22 a.m. local time, set for their highest close since Aug. 4.

Sanichi has doubled in value since Nov. 3. -- Bloomberg
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