A company has announced a bonus issue along with the record date, leading to a sharp 7% jump in its stock price today. This development has attracted strong investor interest as bonus issues often boost market sentiment and trading activity.

A bonus issue refers to the distribution of additional shares to existing shareholders at no extra cost, based on their current holdings. Such announcements are generally seen as a sign of financial strength and a reward for investors.

With the record date now confirmed, investors who hold shares before this date will be eligible to receive the bonus shares. The surge in stock price reflects positive market sentiment, as traders anticipate increased demand for the stock in the coming sessions.

Investors should keep an eye on the stock’s movement and company updates to make informed decisions regarding their holdings.