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.