KUALA LUMPUR (June 11): Shares of Eversendai Corporation Bhd advanced this morning after AllianceDBS Research said there was renewed buying interest in Eversendai and that the stock had on June 10 crossed over the 78.5 sen hurdle to reach a high of 80.5 sen before settling at 78.5 sen (up 2.5 sen or 3.28%).

At 9.34am, Eversndai rose 1.91% or 1.5 sen to 80 sen with 313,100 shares traded.

In its evening edtion yesterday, the research house said a crossover of the 78.5 sen hurdle again would likely see Sendai trading upward with the next upside target pegged between 87 sen and 88 sen.

“Risk taking traders can establish a buying position at 77.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 76 sen level must be placed for risk capital protection, and this 76 sen is to be followed by a trailing stop loss strategy,” it said.