KUALA LUMPUR (Nov 8): Karambunai Corporation Bhd said the increase in price and trading volume in its securities over the past three trading days was due to pure speculative activity.
In a filing to Bursa Malaysia Securities on Tuesday, Nov 8, Karambunai said it was not aware of any corporate developments, rumours or reports relating to its business and affairs that may account for the unusual market activity.
“The Board of Directors of Karambunai is of the opinion that the unusual market activity is contributed by pure speculative activity and would like to caution members of public to trade in its shares based on the fundamentals of the company,” it said.
In a filing to Bursa Malaysia Securities on Tuesday, Nov 8, Karambunai said it was not aware of any corporate developments, rumours or reports relating to its business and affairs that may account for the unusual market activity.
“The Board of Directors of Karambunai is of the opinion that the unusual market activity is contributed by pure speculative activity and would like to caution members of public to trade in its shares based on the fundamentals of the company,” it said.
