KUALA LUMPUR: Genetec Technology Bhd, which has been on an uptrend, rose almost 4% to record high in early trade Thursday.

       The ACE Market-listed company rose 3.98%, or 72 sen to RM18.80, making it the top gainer on Bursa Malaysia. Year-to-date, it has risen a whopping 986%.

       A check on Genetec's filings with Bursa Malaysia indicated no recent corporate developments that might have contributed to the sudden interest in the counter.

       Earlier this week, Genetec was served with an unusual market activity (UMA) query by Bursa Malaysia due to the sharp rise in its share price and trading volume recently.

       The company said it was not aware of any specific reason to account for the unusual price rise in its securities recently, save for the recent announcement made on June 17 in relation to the new orders secured by the company.

       It added that there was no corporate development in relation to its business and affairs that have not been previously announced, and it was not aware of rumour or report, that may account for the trading activity.