Ekovest Bhd (+ve)

TRADING of shares in Ekovest Bhd (fundamental: 1.3/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the ninth time this year.

The last time the counter triggered our momentum algorithm was last Tuesday. The stock gained 0.6% or half a sen to 84.5 sen, giving it a market capitalisation of RM2.07 billion.

The counter saw 238.73 million shares traded, compared with its 200-day average trading volume of 25.13 million shares. It was the most traded counter on Bursa Malaysia yesterday; with the reason for the rise unknown at the time of writing.

The group shares property tycoon Tan Sri Lim Kang Hoo with Iskandar Waterfront City Bhd, which also saw greater trading activity and volume yesterday.