KUALA LUMPUR (July 1): Microlink Solutions Bhd, whose share price surged as much as 35% in a week to RM1.65 earlier today, said it was unaware of the reasons for the recent sharp rise in its share price.

At the closing bell, the stock pared its gains and closed unchanged at RM1.62 after 297,600 shares were exchanged, giving it a market capitalisation of RM246.49 million.

The shares were trading at RM1.22 in June, which means it has gained about 33% in a week, based on its closing price.

Microlink develops and markets computer software. It also develops software for the banking industry.

In the unusual market activity query earlier, the regulator had asked Microlink if there were any corporate developments or rumours relating to the company that had not been previously announced, that could account for the change in trading activity.