KUALA LUMPUR (March 9): Shares of Dataprep Holdings Bhd closed at limit-up on Tuesday, taking a cue from the technology-themed rebound despite a gradual decline in trading volume over the counter.

Dataprep shares closed 61 sen or 29.9% higher at its fresh record high of RM2.65, with 69.3 million shares traded — about one-fifth of its trading volume seen in mid-February, which saw some 380 million shares traded when the share price rally first started.

The counter was the second top gainer across Bursa Malaysia today. Year to date, its share price has swelled around 14 times.

Last week, Dataprep responded to an unusual market activity (UMA) query by Bursa Securities, noting that it was unaware of the reason behind the recent share price rally.

Prior to that, the company had on Feb 15 announced that it has completed the acquisition of a 51% stake in multimedia hardware and component distributor Ridaa Associates Sdn Bhd for RM3 million.

The company has been loss-making over the years, and it last turned a profit in the financial year ended March 2007 with a net profit of RM1.94 million on RM112.15 million in revenue.

At its last close, Dataprep has a market capitalisation of RM1.6 billion.