1 Utopia receives UMA query on volume spike

28 Jul 2015 / 05:36 H.

    PETALING JAYA: ICT firm 1 Utopia Bhd received an unusual market activity (UMA) query yesterday after its stock saw active trading trading last Friday.
    It was the most actively traded stock for the day.
    It was required to disclose any corporate development, rumour and other explanation that have led to the surge in trading volume.
    Yesterday, 1 Utopia's share price went down 0.5 sen to 4 sen. Its trading volume, however, eased to 47.61 million shares from last Friday's 132.59 million shares.
    1 Utopia incurred a net loss of RM13.04 million for 16 months ended March 31, 2015, mainly due to lower margin from its ICT business, especially the sales of notebooks and smartphones.
    Its financial year end has been changed to March 31, from November 30.

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