KUALA LUMPUR (Oct 15): Top Glove Corp Bhd shares rose 3.2 percent, more than any full-day gain since July 16.
Market Metrics
* Shares advanced to RM11.12, higher than any close since Sept 3, from RM10.78 in the previous session.
* Trading volume was about five times the 20-day average.
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index moved less than 0.1 percent, and the MSCI AC Asia Pacific Index fell 1 percent.
Market Insights
* In the past year, the stock had a similar or greater gain 16 times at the close; it advanced in the next trading session six times (2.1 percent, on average) and declined eight times (1.3 percent, on average).
* Shares are at a 7.4 percent premium to the analysts' consensus target price. The stock traded at an average 2.2 percent premium over the past year.
* Maybank Kim Eng analyst Lee Yen Ling upgraded the recommendation on Top Glove to buy and assigned a target price of RM12 on Oct 12, and Public Investment Bank Bhd analyst Yi Jing Chua upgraded the stock to neutral and assigned a target price of MYR12 on the same day.
* Stock advanced 79 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 1.4 percent.