On Friday (May 27), Power Root's share price fell as much as 27 sen or 15.98% to RM1.42 before cutting losses to close at RM1.57. The reasons behind Power Root's share price and volume fluctuations could not be immediately ascertained. Power Root's notable Bursa filings include those on the Retirement Fund (Inc)'s acquisition of more shares in Power Root besides Power Root's statements on its share buy-backs. According to Power Root's Bursa filings, KWAP on April 22, 2022 raised its direct and indirect stakes in Power Root to 6.146% and 0.364% respectively after acquiring 574,900 shares in Power Root. On Thursday (May 26, 2022), Power Root said KWAP on Wednesday (May 25, 2022) upped its direct and indirect stakes in Power Root to 6.198% and 0.71% respectively after buying 22,900 shares.

Source: The Edge Markets May 27, 2022 13:09 UTC