Tuesday 23 Apr 2024
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KUALA LUMPUR (Dec 12): My E.G. Services Bhd shares fell 11 percent, more than any full-day drop since Oct 19, while Malaysia's benchmark index advanced.

Market Metrics

* Shares declined to 90 sen, lower than any close since July 12, from RM1.01 in the previous session.

* Trading volume was more than quadruple the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.8 percent, and the MSCI AC Asia Pacific Index rose 1.5 percent.

* The relative strength index on the stock was below 30, indicating it may be oversold.

Market Insights

* In the past year, the stock had a similar or greater loss six times at the close; it advanced in the next trading session three times (11 percent, on average) and declined twice (17 ercent, on average).

* Shares are at a 51 percent discount to the analysts' consensus target price. The stock traded at an average 21 percent discount over the past year.

* Stock declined 57 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 3.7 percent.

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