Why is afribank share shooting up everyday ?. What could cause this ?.

I asked this question cos quite a lot of people referred to afribank as old generation bank. So, i was surprised to see their shares even overtaking oceanic and intercontinental

Educative comments pls

1. The company was on technical suspension for the most part of the first quarter of 2007. This was a very bullish period in NSE.
Right now, the company is more or less playing catch up.

2. The company released very good financial results including a decent bonus issue, many investors love bonus and they are gettin in.

3. The purely speculative trend of companies just released from technical suspension appreciating aggressively

4. There is still a rumour that the company will be placed on technical suspension again as they want to go for a public offer soon, so there is talk of a strategic moppin up of the shares as well as investors taking position.

@Temmie10,
U are more than current as regards the Stock's News.

@MT,
Explanation given by Temmie10 is d exact reason why Afribank share price currently shooting to d roof.
1:5 bonus & 30k div,also warming up for PO(Public Offer)