Friday 26 Apr 2024
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KUALA LUMPUR (Sept 14): QL Resources Bhd shares rose 3 percent, more than any full-day gain since June 4, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM6.20, higher than any close since the company's March 2000 initial public offering, from RM6.02 in the previous session.

* Trading volume was 21 percent more than the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.3 percent, and the MSCI AC Asia Pacific Index rose 0.8 percent.

Market Insights

* In the past year, the stock had a similar or greater gain four times at the close; it advanced in the next trading session three times (0.9 percent, on average) and declined once (1.5 percent).

* Shares are at a 28 percent premium to the analysts' consensus target price. The stock traded at an average 16 percent premium over the past year.

* Stock advanced 52 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.4 percent.

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