Wednesday 24 Apr 2024
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KUALA LUMPUR (July 25): Petronas Dagangan Bhd shares rose 4.1 percent, more than any full-day gain since Nov 13, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM27.38, higher than any close since April 23, from RM26.30 in the previous session.

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

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.2 percent, and the MSCI AC Asia Pacific Index rose 0.3 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 once at the close.

* Shares are at a 2.5 percent premium to the analysts' consensus target price. The stock traded at an average 1.6 percent discount over the past year.

* Stock advanced 11 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.1 percent.

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