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MUI Properties says unaware of unusual trading in its shares:
-Share Price Surge: MUI Properties’ share price surged by as much as 11.5 sen or 46% to a high of 36.5 sen, marking a near four-year high.
-No Corporate Development: MUI Properties stated that it is not aware of any corporate development, rumor, or report that could explain the unusual trading activity.

        The significant increase in MUI Properties’ share price and trading volume without any apparent corporate development or market rumors suggests speculative trading or market manipulation. This could be driven by investor speculation or unfounded rumors
The recent announcement of selling 53 acres of land for RM80.8 million is a positive development, potentially strengthening the company's cash position. However, this alone does not seem to justify the drastic increase in share price and volume.
MUI Properties reported a net loss for 9MFY2024, which typically would not lead to such a positive market reaction. Investors should be cautious and consider the company's overall financial health.

$KLSE-MUIPROP 
MUI Properties says unaware of unusual trading in its shares:
-Share Price Surge: MUI Properties’ share price surged by as much as 11.5 sen or 46% to a high of 36.5 sen, marking a near four-year high.
-No Corporate Development: MUI Properties stated that it is not aware of any corporate development, rumor, or report that could explain the unusual trading activity.

        The significant increase in MUI Properties’ share price and trading volume without any apparent corporate development or market rumors suggests speculative trading or market manipulation. This could be driven by investor speculation or unfounded rumors
The recent announcement of selling 53 acres of land for RM80.8 million is a positive development, potentially strengthening the company's cash position. However, this alone does not seem to justify the drastic increase in share price and volume.
MUI Properties reported a net loss for 9MFY2024, which typically would not lead to such a positive market reaction. Investors should be cautious and consider the company's overall financial health.