KUALA LUMPUR (Aug 9): Petronas Chemicals Group Bhd shares rose 2.1 percent, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM9.23, higher than any close since November 2010, from RM9.04 in the previous session.

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

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.2 percent, and the MSCI AC Asia Pacific Index rose 0.2 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 six times at the close; it declined in the next trading session four times (0.7 percent, on average).

* Shares are at a 3.4 percent premium to the analysts' consensus target price. The stock traded at an average 3.6 percent discount over the past year.

* Stock advanced 29 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 1.3 percent.