Investors urged to be wary of Tiger Synergy shares

Bursa Malaysia Securities Bhd has advised investors to exercise caution and to make informed decisions in the trading of Tiger Synergy Bhd shares and warrants.

In a statement, the exchange said it will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of the shares and warrants.

It also draw drew investors attention to the recent sharp rise in the price and volume of the shares and warrants, and to the companys response to the Unusual Market Activity query issued by the exchange on Oct 22.

In a reply to the query, Bursa Malaysia Securities said Tiger Synergy has confirmed that it was not aware of any corporate development or explanation that could give rise to the unusual trading activities in its securities.

Tiger Syner shares and warrants were the most actively traded counters this morning.

At 11.33 am, Tiger Synergy shares fell one sen to 45.5 sen and was the volume leader with 59.769 million shares traded.

Its warrants fell 3.5 sen to 26.5 sen and was the second most active counter with a turnover of 39.978 million warrants.