KUALA LUMPUR: Shares in IQ Group Holdings Bhd
jumped over 20% in early Friday trade, making it one of the top gainers on Bursa Malaysia.
The counter jumped 20.86%, or 14.5 sen to 84 sen, with just 200 shares traded. Over the last five trading sessions, the stock has risen by 20%.
A check on previous filings by the group indicated no recent corporate developments that might have contributed to the sudden interest in the counter.
In the first quarter ended June 30, IQ Group posted a net loss of RM2.4mil against a net profit of RM4.8mil in the same quarter last year. Its revenue for the quarter was lower at RM22.9mil from RM33.9mil a year prior.
IQ Group specialises in the design and manufacture of lighting, security and convenience products. It has manufacturing operations in Malaysia and China and offices in Taiwan, Japan and the United Kingdom.
