Kurnia sees 5-day volume surge
KUALA LUMPUR, April 19 – Shares in Kurnia Asia have seen the biggest jump in 5-day average volume over its 30-day volume among Malaysia’s financial sector companies, Thomson Reuters data shows.
The stock’s 5-day average volume surged to 10.54 million shares, more than twice its 30-day average volume of 4.26 million shares. The data is based on yesterday’s close.
The surge comes as Malaysia’s AMMB Holdings and Insurance Australia Group associate AmG Insurance last week announced plans to buy Kurnia for RM1.55 billion.
The stock is down about 1.65 per cent over the last week while the broader index rose marginally. –Reuters