KUALA LUMPUR (Jan 4): Caely Holdings Bhd, whose share price surged 30 sen or 38.46% today, has been slapped with an unusual market activity (UMA) query by Bursa Malaysia.

In a stock exchange filing, the regulator drew attention to the "sharp rise in price" of the company's shares recently.

Bursa requested the company to state whether there was any corporate development relating to its business and affairs that had not been previously announced, that may account for the trading activity, including those in the stage of negotiation or discussion.

Caely shares closed at RM1.08 after hitting limit-up, with 18.29 million shares traded, bringing its market capitalisation to RM82.4 million.

From a year ago, the low-profile firm's share price has climbed 132.76% from 46.4 sen.

The company recorded a net loss of RM234,000 in the second quarter ended Sept 30, 2017 (2QFY18), against a net profit of RM2.19 million a year ago, due to lower revenue. Revenue fell 27.15% year-on-year to RM21.24 million from RM29.16 million.

Caely, through its subsidiaries, manufactures and sells undergarments, garments, leather goods, sportswear, and household products. It also provides sewing services.