Tuesday 8 November 2011

Harvest Court hits 9-year high

Harvest Court Industries Bhd, a Malaysian timber company and manufacturer, rose to the highest in more than nine years in Kuala Lumpur trading even after issuing a statement to say it can’t explain a recent rally in its share price.

The stock gained another 29.1 percent to RM1.13 at 9:14 a.m. local time today, set for its highest close since May 16, 2002.

It has rallied 179 percent over the past five trading days, according to data compiled by Bloomberg. -- Bloomberg
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