The Prism share, which by yesterday`s close had already gained 39% since the start of the year, continued climbing this morning ahead of the release of the group`s interim results next week.
By late this morning the share was trading at 109c, up 10c or 10.1% from yesterday`s close of 99c.
The share, which opened the year at 71c, dipped to 68c on 6 January, before recovering to close at 75c on 12 January, the day before Prism released a positive trading update related to the results.
The update, issued on 13 January, forecast a 170% to 180% increase in earnings per share and a 60% to 70% rise in headline earnings per share for the six months to December 2005.
That day the share closed 13c or 17% up at 88c.
However, the share price rise appears not to have ended there, with the share gaining another 11c to yesterday`s close.
The interim results are to be published next Thursday.
An analyst says that other than the trading update, he is not aware of any other factor that might be behind the share price increase.
"But it also announced last week that it was expanding its presence in Malaysia, so you might find that added a little to the positive sentiment," he adds.
The Malaysian deal involved the appointment of Penang-based G-Tek to manufacture Prism`s secure Outdoor Payment Terminals locally. The Prism Outdoor Payment Terminal is to be rolled out at petrol forecourts in eight Asian countries.
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