KUALA LUMPUR (July 22): HeiTech Padu Bhd said it is unaware as to why its share price spiked a third for the cumulative two trading sessions, putting it within range of a 15-year high. 

In a reply to a query by Bursa Securities on the unusual market activity on Friday (July 19), HeiTech Padu said its directors are unaware of any rumour or report concerning the group’s business and affairs, or any other possible explanation for such trading activity. 

It said there are no corporate developments concerning the group’s business and affairs that have not been previously announced, including those in negotiation or discussion stage. HeiTech Padu shares have been heavily traded in the past two trading days.

The counter closed two sen or 1.59% to RM1.28 today, for a market value of RM129.57 million. Some 14.05 million shares exchanged hands.

Friday’s trading volume was higher at nearly 24 million shares, as the stock closed 30 sen or 31.25% higher to RM1.26 — more than 21 times its 200-day average trading volume of 1.12 million shares.

At current prices, the stock is trading near a 15-year high, as it was last traded at RM1.31 on Feb 24, 2004.