Read more: http://www.btimes.com.my/articles/havesting/Article/
The appointment of Mohd Nazifuddin Mohd Najib to the company's board of director, as well as his resignation less than two months after the appointment, were believed to be another driver of Harvest's securities price movement. Since it was declared as a designated securities, its shares were traded at an average of RM1.11, with a high of RM1.49 and a low of 79 sen. Trading volume has also toned down to the one-million level. During the one-month period before it was imposed with the trading restrictions, an average of 35.4 million shares changed hands each day. So far this year, average daily trading volume is less than 158,000 shares. Nevertheless, Bursa Malaysia said it would continue to monitor Harvest securities. "In the discharge of its front line regulatory role, the exchange will continue to monitor the trading activities of Harvest and Harvest-WA, and where trading concerns are noted, the exchange may take appropriate regulatory actions," Bursa Malaysia said. By Goh Thean Eu
The appointment of Mohd Nazifuddin Mohd Najib to the company's board of director, as well as his resignation less than two months after the appointment, were believed to be another driver of Harvest's securities price movement. Since it was declared as a designated securities, its shares were traded at an average of RM1.11, with a high of RM1.49 and a low of 79 sen. Trading volume has also toned down to the one-million level. During the one-month period before it was imposed with the trading restrictions, an average of 35.4 million shares changed hands each day. So far this year, average daily trading volume is less than 158,000 shares. Nevertheless, Bursa Malaysia said it would continue to monitor Harvest securities. "In the discharge of its front line regulatory role, the exchange will continue to monitor the trading activities of Harvest and Harvest-WA, and where trading concerns are noted, the exchange may take appropriate regulatory actions," Bursa Malaysia said. By Goh Thean Eu
No comments:
Post a Comment