BursaBursa Malaysia Securities Bhd has issued an Unusual Market Activity (UMA) query to Iskandar Waterfront City Bhd today due to the sharp rise in the company’s share prices. At 4.04 pm, the shares rose 26 sen to RM1.63 with 57.37 million shares traded.

“Investors are advised to take note of the company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under company announcements when making their investment decision,” Bursa Malaysia said in a statement today.