Genetec gains 3.12% in active trade

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KUALA LUMPUR (Aug 21): Shares of Genetec Technology Bhd rose 3.12% at mid-morning today in active trade.

At 10.44am, Genetec added half a sen to 16.5 sen with 3.14 million shares done.

UOB Kay Hian Reseach has a “Technical Buy” rating on the stock with a target price of 25.5 sen and stop loss at below 13 sen.

“Based on teh daily chart, Genetec’s upside trend will be intact if the stock penetrates the 18 sen level,” it said.