Friday 29 Mar 2024
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KUALA LUMPUR (May 21): UMW Holdings Bhd shares rose 4.9 percent, more than any full-day gain since March 12, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM6.58, the highest level since Feb 26, from RM6.27 in the previous session.

* Trading volume was 42 percent more than the 20-day average for this time of day.

* Move compares with the 0.3 percent gain in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.2 percent fall in the MSCI AC Asia Pacific Index.

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 twice for an average 1.9 percent and declined once for an average 9.4 percent.

* Shares are at a 9.7 percent premium to the analysts' consensus target price. The stock traded at an average 11 percent premium over the past year.

* Analysts in the past week changed the consensus estimate for the fiscal year to 28 sen per share from 23 sen per share.

* Stock advanced 23 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 5.2 percent.

Catalysts

* An annual shareholder meeting is scheduled for May 24.

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