KUALA LUMPUR (Oct 6): Shares of Econpile Holdings Bhd rose at mid-morning today and were up by 2.87% or 5 sen to RM1.79 with 1.06 million shares done. AllianceDBS Research had said Econpile Holdings Bhd (EconBhd) was still in an uptrend and that EconBhd had on Oct 5 traded higher to RM1.79 before closing at the day’s low of RM1.74 (down 2 sen or 1.13%). In its evening edition yesterday, the research house said EconBhd continued to trade above the 20-day and 50-day moving average lines. “However, a fall below RM1.67 would put pressure on the stock down to the subsequent support zone, RM1.55 – RM1.60,” it said. AllianceDBS Research said stock volume traded on Oct 5 was 1.22 million shares compared to the 3-month average volume of 1.85 million shares.

Source: The Edge Markets October 06, 2016 03:00 UTC