KUALA LUMPUR (Aug 29): Hartalega Holdings Bhd shares fell 3.6 percent, more than any full-day drop since April 23, as Malaysia's benchmark index declined.

Market Metrics

* Shares declined to RM7.02 from RM7.28 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 0.6 percent, and the MSCI AC Asia Pacific Index rose 0.4 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 loss six times at the close; it advanced in the next trading session three times (3.8 percent, on average) and declined three times (1.7 percent, on average).

* Shares are at a 22 percent premium to the analysts' consensus target price. The stock traded at an average 15 percent premium over the past year.

* Stock advanced 115 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 3.2 percent.