Home News SGX query

Mirach Energy says ‘not aware’ of reason for 39% surge in share price

The Editor
The Editor10/21/2019 11:28 AM GMT+08  • 2 min read
Mirach Energy says ‘not aware’ of reason for 39% surge in share price
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 21): Mirach Energy says it is unaware of any information not previously announced to explain the heavy trading on Friday that caused its share price to spike on Oct 18.

The firm, which is also currently on the SGX watchlist, saw its share price surge 38.9% within the span of half an hour on Friday afternoon, with some 776,000 shares changing hands during the day.

This had prompted a query from the market regulator, calling for the company to declare any information regarding the ‘unusual’ share price movements.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now