Friday 29 Mar 2024
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KUALA LUMPUR (March 20): FGV Holdings Bhd shares rose 11 percent, more than any full-day gain since Jan 15, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to RM1.24 from RM1.12 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 0.2 percent, and the MSCI AC Asia Pacific Index fell 0.1 percent.

Market Insights

* In the past year, the stock had a similar or greater gain three times at the close; it advanced in the next trading session twice (2.8 percent, on average) and declined once (3.2 percent).

* Shares are at a 9.5 percent premium to the analysts' consensus target price. The stock traded at an average 12 percent discount over the past year.

* Stock declined 31 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 9.3 percent.

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