Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (May 7): IOI Corp Bhd shares fell 2.5 percent, more than any full-day drop since March 16 and more than quadruple Malaysia's benchmark index.

Market Metrics

* Shares declined to RM4.62, the lowest level since March 19, from RM4.74 in the previous session.

* Trading volume was 9 percent more than the 20-day average for this time of day.

* Move compares with the 0.6 percent loss in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.1 percent rise in the MSCI AC Asia Pacific Index.

Market Insights

* Shares are at a 1.2 percent premium to the analysts' consensus target price. The stock traded at an average 1.7 percent premium over the past year.

* Stock advanced 3.7 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 4.5 percent.

      Print
      Text Size
      Share