KUALA LUMPUR (Mar 10): Bursa Malaysia has issued an unusual market activity (UMA) query on ICT firm Privasia Technology Bhd for the recent rise in its share price and volume.

Today, Privasia (fundamental: 1.8; valuation: 1.8) rose as much as one sen or 4% to 27 sen before erasing gains to 25.5 sen at 11:50am.

The bourse's sixth most-active stock saw some 33 million shares transacted. Privasia had risen to current levels from about 16 sen at the end of last month.

Today, bourse regulator and operator Bursa Malaysia told Privasia : "We draw your attention to the recent rise in price and volume of the company’s shares (trading activity)."

Privasia has not responded to Bursa Malaysia's UMA query at the time of writing.

Privasia's share trade dynamics surfaced after the company reported better financials.

Net profit rose to RM6.95 million in financial year ended December 31, 2014 from RM5.36 million a year earlier.

Revenue climbed to RM73.72 million from RM58.46 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)