KUALA LUMPUR (Oct 20): Gets Global Bhd, whose share price surged over 35% in active trading today, said it is unaware of the reason behind the sudden jump in the price and trading volume of its shares.

In response to an unusual market activity (UMA) query from Bursa Malaysia, the loss-making bus operator said it has made enquiries with its directors, major shareholders and other relevant persons but could not find the reason behind the unusual movement in its share price.

Gets Global also said there is no corporate development relating to its business and affairs that has not been previously announced, that may account for the trading activity today.

"We are not aware of any rumour or report concerning the business and affairs of the group that may account for the trading activity," it said.

The shares shot up as much as 29.5 sen or 35.76% to close at RM1.12 today, valuing the counter at RM141.12 million.

Over the last five years, the counter generally traded below 40 sen, but began to rise in mid-August.

Some 41.66 million shares were traded today, which is almost eight times its 200-day average volume of 5.86 million.