Advise from BURSA to investors on NICORP

With the current run-up of the stock, BURSA Malaysia issued a circular to advise investors to exercise caution in the trading of  NAIM INDAH CORPORATION BERHAD ( NICORP ) shares.

The circular was issued in the afternoon, it reads:-

Subject: NICORP-BURSA MALAYSIA ADVISES INVESTORS TO EXERCISE CAUTION IN THE TRADING OF NAIM INDAH CORPORATION BERHAD SHARES

Content: Bursa Malaysia Securities Berhad (Bursa Securities) wishes to draw investors' attention to the recent sharp rise in the price and volume of NAIM INDAH CORPORATION BERHAD (NICORP) shares. Notwithstanding the company's response to the Unusual Market Activity (UMA) query issued by Bursa Securities on 3 February 2012 and its announcements on the changes in shareholdings on 8 February 2012, Bursa Securities would like to advise investors to exercise caution and to make informed decisions in the trading of NICORP shares

As at 3.30pm, the price is still standing at RM0.69 up 20 cents with huge volumn traded.