Thursday 28 Mar 2024
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KUALA LUMPUR (May 10): IOI Corp Bhd shares fell 2.3 percent, more than any full-day drop since Feb 21, as Malaysia's benchmark index declined.

Market Metrics

* Shares declined to RM4.25, lower than any close since Dec 20, from RM4.35 in the previous session.

* Trading volume was more than 98 percent of the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.3 percent, and the MSCI AC Asia Pacific Index fell 0.2 percent.

* The relative strength index on the stock was below 30, indicating it may be oversold.


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 four times (1.1 percent, on average).

* Shares are at a 2 percent discount to the analysts' consensus target price. The stock traded at an average 3 percent premium over the past year.

* Stock declined 9 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 13 percent.


 

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