Eye on stock: Benalec Holdings Bhd

Benalec Holdings Bhd (short name: Benalec, Code: 5190) suffered a prolonged downtrend as a futile attempt to recover on several occasions sparked more liquidation pressure, dragging the shares to an all-time low of 46.5 sen on June 14.

Thereafter, prices turned range-bound briefly amid bargain hunting interest offsetting selling on consolidation before bouncing off in the wake of renewed buying momentum.