Nokia Does Not Know Why Its Share is Surging

Nokia disclosed in an official statement on Wednesday that it is not aware of the exact reason behind the recent surge in its share price, Reuters reported.

The Finland-based technology giant saw its share price rise by an astonishing 41% on Wednesday.

“Nokia is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares.”