KUALA LUMPUR (April 19): NWP Holdings Bhd said it is unaware of the reasons for the recent sharp rise in price and volume of its shares.

In a reply to Bursa Malaysia's unusual market query (UMA) earlier, the timber products manufacturer said there are no new corporate developments which the board is aware of.

"We are (also) not aware of any rumour and change of the group activity (or) of any other possible explanation to account for the unusual trading activity," it added.

Earlier today, Bursa had slapped NWP with an UMA query after its share price rose as much as 35.7% to hit an intraday high of 28.5 sen.

The stock ended the day seven sen or 33.33% higher at 28 sen, with 23.53 million shares changing hands. It was one of the top most actively traded stocks on Bursa Malaysia, with a market capitalisation of RM83.2 million.

NWP's share price has risen 133.3% over the past year from 12 sen on June 23, 2015.