Mid-cap tech stocks top gainers, Greatech hits RM4

KUALA LUMPUR: Small-mid capitalised technology-related stocks were among the top gainers on Wednesday, with Greatech Technology Bhd hitting a record high of RM4.

At midday, Greatech, which provides automation solutions, was up 17 sen to RM3.97 with RM4.36 million shares done.

AmInvestment retail research had earlier reported Greatech was poised to move higher to test the RM3.84 resistance level.

“With the RSI indicator pointing upwards, coupled with higher trading volume, this indicates the stock is gaining a bullish momentum.

“If it breaks out from resistance, it will move towards the short-term target prices of RM4.02 and RM4.22. The downside support is anticipated at RM3.50, whereby traders may exit on a breach to avoid the risk of a further correction, ” it said.

The recent high for Greatech was RM3.88 on Feb 26.

Supercomnet Technologies Bhd surged 27 sen to RM1.30 with 38 million shares done while its warrants jumped 25 sen to 80 sen with 12.7 million units.

MMS Ventures Bhd rallied 16.5 sen to 77.5 sen with 29.9 million shares done.

SAM Engineering advanced 21 sen to RM5.97.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3


Did you find this article insightful?


100% readers found this article insightful

Next In Business News

SC launches capital market green financing series
FGV records highest positive financial performance in 5 yrs
RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share
Maxis posts RM319m net profit in 4Q, RM1.38b in FY20
Alliance Bank posts Q3 net profit of RM100.46mil
TNB 4Q net profit jumps 85% to RM1.2bil; pays 58 sen in dividends
Bursa tracks global equities sell-off as surging bond yields trigger panic
Malaysia’s exports up 6.6% to nearly RM90b in January
KPS surpasses RM1bil revenue mark for fiscal year 2020
EPF launches world’s first and largest Shariah PE fund of RM2.43b

Stories You'll Enjoy