What contributed to the rise in $INSAS / 3379 (INSAS BERHAD)'s share price: An analysis of the performance of $INSAS / 3379 (INSAS BERHAD)'s holdings

On June 11, INSAS's share price broke its resistance level of RM1.12, reaching a high of RM1.15, and closed at RM1.13. In the following days, the price remained strong at the support level of RM1.12 until June 19, when it broke the support and closed at RM1.08. This seems like profit-taking, but what caused INSAS's share price to suddenly spike? Although the increase wasn't significant, for a company with low trading volume, it was considerable.

To understand the reason behind the sudden rise in INSAS's share price, we should examine its major subsidiaries and holdings.

Starting with its most prominent investment, $INARI / 0166 (INARI AMERTRON BERHAD). On June 11, INARI's share price was already trending upwards. However, on June 12, the price surged from RM3.51 to a high of RM3.96 and closed at RM3.80, breaking a 52-week high. Following this, there were some profit-taking activities. As long as it trades above RM3.54, there is potential to return to RM3.96. The increase in INARI's share price might be linked to the introduction of Apple Intelligence by Apple Inc.

If not INARI, what about $KLSE-M&A? M&A's performance was much worse. On June 11, its share price dropped and continued in a downtrend, showing a significant increase only on June 14. This also appeared to be followed by profit-taking actions.

Another tech stock that INSAS holds in significant quantities, even increasing its position recently, is $KLSE-DFX. DFX provides tele or data communication solutions, media advertising and vending solutions, and food technology solutions. Its share price had increased considerably, even reaching a 52-week high of RM0.24. The sudden increase on June 12, despite low trading volumes and no significant news, remains unexplained, as the company is not well-known publicly.

In conclusion, the sudden rise in INSAS's share price is likely due to movements in its subsidiaries or investment holdings, appearing to precede these movements by one trading day.