Friday 29 Mar 2024
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KUALA LUMPUR (May 22): IHH Healthcare Bhd shares rose 2.4 percent, more than any full-day gain since March 20, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to RM6.32, the highest level since February 2017, from RM6.17 in the previous session.

* Trading volume was 84 percent more than the 20-day average for this time of day.

* Move compares with the 0.1 percent loss in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.1 percent rise in the MSCI AC Asia Pacific Index.

Market Insights

* Shares are at a 3.9 percent discount to the analysts' consensus target price. The stock traded at an average 8.5 percent discount over the past year.

* Stock advanced 2.8 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 4.8 percent.

Catalysts

* An annual shareholder meeting is scheduled for May 28.
 

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