KUALA LUMPUR: IFCA MSC Bhd, responding to an unusual market query (UMA) by Bursa Malaysia, yesterday said it was unaware of the reasons for the recent sharp rise in price and volume of its shares.

In a filing with the bourse, IFCA said it did not know of any reasons or corporate development relating to the group’s business and affairs not previously announced that may have contributed to the increase.

The company also said it was unaware of any rumour, report or any possible explanation to account for the surge in trading activity.

IFCA was the most actively traded counter yesterday with 112.14 million shares changing hands, well above its 200-day average trading volume of 5.84 million shares.

The stock closed the day 1.5 sen higher at 36.5 sen. It had risen to as high as 39.5 sen earlier in the day, at which level it had gained 72% compared to the intraday low of 23 sen recorded on Nov 30 last year.