SHARES of Catalist-listed Union Gas rose as much as 7.4 per cent Monday morning, prompting a Singapore Exchange (SGX) query about "unusual price movements".

Prior to the query, the fuel provider's shares surged 6.5 Singapore cents or 7.4 per cent to 94 cents, with about 284,700 shares changing hands, as at 9.44am. Its shares closed at 95 cents, up 7.5 cents or 8.6 per cent on Monday evening. 

No married deals were recorded in early trade, according to ShareInvestor data.

The share price later eased to 90.5 cents, up 3.4 per cent or three cents as at 1.01pm, following the query and the company's response. As at 1.38pm, the shares were trading at 91.5 cents, up four cents or 4.6 per cent.

In its response addressing questions posed by the Singapore Exchange Securities Trading (SGX-ST), Union Gas said that it is not aware of any information not previously announced concerning it, its subsidiaries or associated companies that, if known, may explain the trading.

The company also said that it is not aware of any other possible information that may explain the trading and confirmed its compliance with listing rules.

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