Majuperak Holdings Bhd (-ve)

TRADING of shares in Majuperak Holdings Bhd (fundamental: 1.05/3, valuation: 0.90/3) triggered our momentum algorithm for the first time this year.

The counter closed one sen higher to 27.5 sen — with 3.05 million shares traded — with a market capitalisation of RM68.12 million. This is compared with the 200-day average trading volume of 188,561 shares.

On March 1, the group announced on Bursa Malaysia that it was redesignating then non-executive director Mohamed Shafeii Abdul Ghafoor, 56, as its non-independent and non-executive chairman.

In a separate announcement, it announced that its then executive chairman Mohd Ariff Yeop Ishak, 55, would be redesignated as its managing director.

Furthermore, Salween Azila Ahmad Tauffik, 52, resigned from her position as the group’s chief executive officer to pursue other interests.