KUALA LUMPUR (July 31): MISC Bhd shares rose 3.8 percent, more than any full-day gain since June 1, as Malaysia's benchmark index advanced.
Market Metrics
* Shares advanced to RM6.75, higher than any close since May 18, from RM6.50 in the previous session.
* Trading volume was 61 percent more than the 20-day average.
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.4 percent, and the MSCI AC Asia Pacific Index fell 0.5 percent.
* The relative strength index on the stock was above 70, indicating it may be overbought.
Market Insights
* In the past year, the stock had a similar or greater gain three times at the close. It advanced after all three occasions.
* Shares are at a 5.1 percent premium to the analysts' consensus target price. The stock traded at an average 3.8 percent discount over the past year.
* Stock declined 8.4 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.9 percent.