KUALA LUMPUR (March 17): Inix Technologies Holdings Bhd, who saw its trading volume ballooned to 59 million as of midday trading break today, was slapped with an unusual market activity (UMA) by Bursa Malaysia today.

Inix was the most actively-traded counter on the local exchange in today's morning session. It fell 0.5 sen or 8.33% to trade at 5.5 sen as of midday break.

The counter was barely traded over the past 65 days, with a 65-day average trading volume of 1.19 million.

Today, the local bourse has requested the company to disclose any corporate development relating to its business and affairs that has not been previously announced, which may account for the trading activity.

Bursa also requested the company to disclose whether there is any rumour or report, or any other possible explanation that could account for the trading activity.

Inix was initially an information technology (IT) services provider, but announced last year that it was diversifying into the land reclamation sector, to broaden its income stream.

Inix has been loss making since FY14. However, it managed to narrow its net loss to RM44,000 in FY15, from RM1.37 million in FY14. Revenue improved to RM5.23 million, from RM4.95 million.

For the first financial quarter ended Oct 31, 2015 (1QFY16), Inix swung back to profitability with a small profit of RM108,000, as compared to a net loss of RM678,000 in 1QFY15. Revenue jumped 280% to RM1.18 million, from RM310,000 a year earlier.