Friday 29 Mar 2024
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KUALA LUMPUR (May 30): Petronas Chemicals Group Bhd shares fell 3.5 percent, more than any full-day drop since May 2016, as Malaysia's benchmark index declined.

Market Metrics

* Shares declined to RM8.02, the lowest level since March 9, from RM8.31 in the previous session.

* Trading volume was more than five times the 20-day average

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 2.1 percent, and the MSCI AC Asia Pacific Index fell 1.1 percent.

Market Insights

* Shares are at a 9.3 percent discount to the analysts' consensus target price. The stock traded at an average 3.8 percent discount over the past year.

* Stock advanced 15 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.6 percent.


 

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