Thursday 28 Mar 2024
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KUALA LUMPUR (April 5): Cahya Mata Sarawak Bhd shares rose 4.6 percent, more than any full-day gain since Jan 10, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to RM3.65, higher than any close since May 8, from RM3.49 in the previous session.

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

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

Market Insights

* In the past year, the stock had a similar or greater gain 19 times at the close; it advanced in the next trading session nine times (3.1 percent, on average) and declined nine times (2.2 percent, on average).

* Shares are at a 4.5 percent discount to the analysts' consensus target price. The stock traded at an average 25 percent discount over the past year.

* Stock declined 0.9 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 9.4 percent.
 

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