Hubline Bhd (+ve)
TRADING of shares in Hubline Bhd (fundamental: 0.4/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the second time this year.

The counter settled half a sen or 10% higher at 5.5 sen yesterday, with a market capitalisation of RM210.01 million.

The counter was the fifth most actively traded on Bursa Malaysia, with some 37.81 million shares changing hands, three times higher than its 200-day average volume of 11.16 million shares.

The shipowner and charterer said it had entered into a share sale agreement with Absolute Privilege’s director Pau Chiong Ching for the proposed acquisition of all of his 1.5 million ordinary shares in the company, representing a 75% equity interest, for RM16.37 million.