Econpile Holdings Bhd (-ve)
TRADING of shares in Econpile Holdings Bhd (fundamental: 1.8/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the first time this year. The last time it made it to our Stocks with Momentum list was on Aug 8, 2018.

The counter closed 24.79% or 14.5 sen higher at 73 sen, after 149.48 million shares were traded  versus its 200-day average trading volume of 10.7 million shares, giving it a market capitalisation of RM976.38 million.

The rally came after the government announced its decision last Friday to revive the RM160 billion Bandar Malaysia development, a week after it announced the continuation of the East Coast Rail Link project.

Separately, the group announced last month that it had clinched a 25-month-long contract worth RM44.7 million from the MMC Gamuda (KVMRT) (UGW) joint venture to design and build the reinforced concrete box tunnel works for the Hospital Kuala Lumpur Station under the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line.