KUALA LUMPUR (March 2): Dataprep Holdings Bhd’s share price pared gains in morning trade on Bursa Malaysia today after rising over 20% to a record high as investors waited for the IT firm’s reply to Bursa’s unusual market activity (UMA) query.
At 11.31am today, Dataprep had pared gains at RM1.68 after jumping as much as 29 sen or 20.14% to a record high of RM1.75.
The stock saw some 49 million shares traded.
At RM1.68, Dataprep had a market value of about RM1.01 billion, based on the company’s 602.6 million issued shares.
Yesterday, Bursa issued the UMA query over a sharp rise in the price and volume of Dataprep shares recently, according to Dataprep’s filing on the bourse regulator and operator’s website.
"We draw your attention to the sharp rise in the price and volume of your company’s shares recently,” Bursa told Dataprep.
At the time of writing today, Dataprep had not responded to Bursa’s UMA query.