AirAsia X Issued UMA Query Following Sharp Rise In Share Price, Volume

AirAsia X Bhd was today issued an unusual market activity (UMA) query by Bursa Malaysia due to a sharp rise in its share price and trading volume recently.

The counter opened at RM1.45 today and surged as much as 27% to hit its intraday high of RM1.79 at 11.20am.

As at 4.10pm, it was trading at RM1.68 – still up 27 sen or 19.15% from Thursday’s closing of RM1.41. Its market capitalisation stood at RM688.6  million. A total of 41.42 million shares were traded.

Bursa requested that AirAsia X disclose any corporate developments, rumours or reports concerning the business and affairs of the group, and any other possible reasons, which may account for the UMA.

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