Tuesday 15 November 2011

SYF securities fall in active trade

KUALA LUMPUR (Nov 15): The securities of SYF RESOURCES BHD [] fell in very active trade on Tuesday after the heavy trading volume on Monday that caused Bursa Malaysia Securities to issue an unusual market activity.

At 2.32pm, the FBM KLCI was down 3.13 points to 1,475.74. Turnover was 1.83 billion shares valued at RM759.57 million.

SYF warrants fell 14.5 sen to 50 sen with 16.56 million units done while the shares also fell 14.5 sen to 78 sen with 26.11 million transacted.

The Edge FinancialDaily reported on Tuesday SYF was the fifth most active stock on Monday with over 102.6 million shares – or 60% of its paid-up – traded in the open market traders chased the stock to a five-year high.



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