KUALA LUMPUR (Nov 17): Penny stocks have dominated the top active stocks in recent months. Interestingly, many of them are related via cross shareholdings.

The top 30 active stocks for the week of Nov 9 to Nov 13 included AT Systematization, Metronic Global Bhd, Xidelang Holdings Ltd, Fintec Global Bhd, Lambo Group Bhd, DGB Asia Bhd, XOX Bhd, Key Alliance Group Bhd, mTouche Technology Bhd, PDZ Holdings Bhd and Sanichi Technology Bhd.

All of these counters are related to each other either via a chain of common shareholders or common directors, with Fintec Global — the eighth top traded counter last week — seemingly at the centre of it all.

On its website, the company says it is involved in investing in public-listed companies (PLCs) and “forming business partnerships and alliances” to create synergies and value for shareholders.

It also describes itself as a “primary incubator” for several PLCs involved in sectors ranging from renewable energy, financial application technology and multimedia solutions to food and beverage, oil and gas and agriculture.