MMS Ventures unaware of reasons behind unusual share trades

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KUALA LUMPUR (Oct 1): MMS Ventures Bhd is unaware of reasons behind the recent rise in the share price and volume of the industrial automation entity.

MMS said this in its reply to an unusual market activity (UMA) query by Bursa Malaysia.

In MMS' filing on the exchange regulator's website, MMS said there was no unannounced corporate development, rumour or report that might have led to the share trade activity.

“The company is not aware of any possible explanation to account for the trading activity,” it said.

At 2.44pm, MMS shares rose 2.5 sen or 4.5% to its intraday high of 58 sen, for a market capitalisation of RM95 million.

This compares to about 22 sen in June this year.