Hextech in the dark over reason for UMA

KUALA LUMPUR: Hextar Technologies Solutions Bhd (Hextech), in response to an unusual market activity (UMA) query issued by Bursa Malaysia Securities Bhd, is not aware of any reason for the sharp rise in price of its shares.

The logistics services provider, in a Bursa filing, said it was not aware of any cause including corporate developments, rumours and any possible explanations that may have caused the UMA after making due enquiry with its directors and major shareholders.

Hextech closed up 12.88%, or 81 sen to a record high of RM7.10. The counter appreciated over 85% in the past one month.