MGRC unaware of volatile share price

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KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd (MGRC) (pic) said it was unaware of the reason for the sharp fall in its share price, in response to an unusual market activity query from Bursa Malaysia.

MGRC closed up 7.5 sen, or 10.56%, to 78 sen yesterday. The stock has fallen some 23% so far this year.

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In a filing with Bursa Malaysia, MGRC said it was not aware of any corporate development, rumour, report or other possible explanation that may have accounted for the trading activity.

It said the group is in compliance with Bursa Securities’ Listing Requirements (LR), in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.