KUALA LUMPUR (Sept 6): IQ Group Holdings Bhd, whose share price jumped 26% today, said it is not aware of any reasons for the stock's sharp rise in price and volume recently.

Replying to the unusual market activity query from Bursa Malaysia, the group said there is no corporate development relating to its business that has not been previously announced as well as any rumours, reports or possible explanation that might have accounted for the unusual trading activity.

IQ was one of the top gainers on the bourse today. It hit its limit up of RM1.84 before paring gains towards the closing bell to end 37 sen higher at RM1.79.

Trading volume was 13.3 million shares.

The stock has risen nearly 82.65% from a mere 98 sen in early January.

IQ, which is involved in the design and manufacture of lighting, security and convenience products, has manufacturing operations in Malaysia and China, plus offices in Taiwan, Japan and the United Kingdom.

For the financial year ended March 31, 2021, the group reported a net profit of RM2.99 million from a net loss of RM18.94 million in the previous year, with revenue rising to RM133.07 million from RM119.58 million.