KUALA LUMPUR (Aug 30): YTL Corp Bhd shares fell 3.8 percent, more than any full-day drop since May 30.

Market Metrics

* Shares declined to RM1.28, lower than any close since July 13, from RM1.33 in the previous session.

* Trading volume was about eight times the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index moved less than 0.1 percent, and the MSCI AC Asia Pacific Index rose 0.3 percent.

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 four times (2.9 percent, on average) and declined twice (5.3 percent, on average).

* CIMB analyst Sharizan Rosely upgraded the recommendation on YTL to hold and assigned a target price of RM1.40 today.

* Stock declined 3.1 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 3.4 percent.

Catalysts

* A cash distribution of 4 sen was announced with Oct. 25 as the estimated ex-date.