Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 14): Astro Malaysia Holdings Bhd is lower for the seventh straight day, on track for the longest losing streak since the company went public in 2012.

Astro Malaysia has lost a total of 23 percent during the streak while the FTSE Bursa Malaysia EMAS Index fell 1.8 percent. Today, the stock fell 8.5 percent to RM1.07.

Since 2012, there has only been one other slump that lasted six days. It started Dec 6, 2017, and ended after six days. The five-day return after day 6 was 0.4%.

Additional insights:

* Low RSI: Relative strength index at 26; stock may be oversold

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