Wednesday, 14 March 2012

Sin Heng Chan falls in early trade after price surge

KUALA LUMPUR (March 14): Shares of Sin Heng Chan (M) Bhd fell in early trade on Wednesday, as speculators took profit after the price surge on Tuesday which prompted a query from the stock exchange.

At 9.08am, it fell five sen to RM1.05. There were 1.07 million shares done.

The FBM KLCI rose 7.93 points to 1,571.95. Turnover was 58 million shares valued at RM41.59 million. There were 179 gainers, 31 losers and 95 stocks unchanged.

On Tuesday, the shares of Sin Heng Chan surged on Tuesday, prompting a query from Bursa Malaysia securities over the unusual market activity.

Its share price closed up 29.5 sen to RM1.10 with 8.48 million units done. However, the company said it was unaware of any reason for the unusual market activity.

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