Eye on Stock

YGL Convergence Bhd (YGL) shares pulled back from a rally peak of 34.5 sen on Sept 22, the best level in 6½ years to a low of 21 sen on Oct 2 on correction owing to an apparent profit-taking activity.

Amid fresh buying momentum, prices rebounded off the ebb to trade mostly range-bound on continuous bargain hunting interest alternated with profit-taking, undergoing consolidation. This stock hit a two-week high of 30.5 sen during intra-day session but finished flat at 29.5 sen.