KUALA LUMPUR (July 18): Petronas Chemicals Group Bhd shares fell 3.66 percent, after Citi downgraded the stock to sell from neutral. The broker also cut the stock’s price target to RM7.20 from RM9.
* Shares declined to RM7.63, lower than any close since December 2017, from RM7.92 in the previous session.
* Trading volume was more than triple the 20-day average.
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.1 percent, and the MSCI AC Asia Pacific Index fell 0.6 percent.
* The relative strength index on the stock was below 30, indicating it may be oversold.