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.