Insas shares rally, investors attracted by cheap valuations


PETALING JAYA: Shares of Insas Bhd rallied as investors chased up the stock on the back of cheap valuations and its stakes in Inari Ametron Bhd, Ho Hup Construction Co Bhd and Formis Resources Bhd.

Insas, which saw its share price rise some 94% last year, was the second most actively traded counter yesterday. It closed up 24 sen or 25.53% to a 52-week high of RM1.18 on volume of 138.23 million shares. The stock hit an intra day high of RM1.20.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Insas , Thong , Inari

   

Next In Business News

MMAG unit to support Supreme Global's Sri Lankan Airlines cargo ops
FBM KLCI sees mild gain with Genting in the lead
China to kick off US$138bil stimulus bond issues this week
Al Rajhi Bank Malaysia appoints Mohd Syahrul Ishak as new CEO
AI pioneer Kai-Fu Lee aims to bring China its ChatGPT moment
Genting stocks rally after Singapore unit's earnings hit 10-year high
Tech giants start to treat South-East Asia like next big thing
Ringgit easier vs US$ amid expectations of tight US monetary policy
Foreign buying of Malaysian stocks moderates to RM961.1mil net
Making streamlined solutions accessible for SMEs

Others Also Read