Iskandar Waterfront City jumps 22% to highest in six months

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KUALA LUMPUR (March 4): Iskandar Waterfront City Bhd shares rose 22 percent, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to 73 sen, higher than any close since Aug 27, from 60 sen in the previous session.

* Trading volume was more than quadruple the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.4 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 gain two times at the close. It advanced after both occasions.

* Stock declined 47 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 8.7 percent.