Tuesday 1 November 2011

Maxbiz surges, prompting sharp gain query

Maxbiz Corp, a Malaysian furniture maker, surged to an eight-month high, prompting the Kuala Lumpur stock exchange to query the company for the “sharp” increase in its share price.

The stock gained 44 per cent to 13 sen at 11:21 a.m. local time, set for its highest close since March 1. It’s the most active stock on the exchange with 26.5 million shares traded. - Bloomberg
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