This article first appeared in The Edge Financial Daily on February 12, 2020

VisDynamics Holdings Bhd (-ve)
TRADING of shares in VisDynamics Holdings Bhd (fundamental: 3/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the second time this year.

The counter closed up 2.5 sen or 3.52% at 73.5 sen yesterday, with 19.11 million shares done, over six times its 200-day average volume of 2.97 million shares.

On Jan 17, VisDynamics was slapped with an unusual market activity query by Bursa Malaysia over a sharp rise in its share price recently.

The ACE Market-listed stock, which was trading at 38 sen on Dec 19, 2019, is now 92.1% higher at 73 sen, which gives it a market capitalisation of RM120.81 million.

Following the query, VisDynamics said it was not aware of any developments that could explain the sharp rise in its share price.

It also said it remains in compliance with Bursa’s ACE Market Listing Requirements, in particular Rule 9.03 of the Listing Requirements on immediate disclosure obligations.