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Article: Asiatic may re-test resistance
- Article from:
- New Straits Times
- Article date:
- June 2, 2009
- Author:
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S.N. Lock
New Straits Times
06-02-2009
Asiatic may re-test resistance
Byline: S.N. Lock
Edition: Main/Lifestyle
Section: Business Times
Column: Chart point
Type: Market
SHARE prices on Bursa Malaysia rebounded in earnest in unison with the rebounds on the regional stock markets yesterday. Its overall advancing counters outpaced its declining counters by 424 to 235.
The Kuala Lumpur Composite Index (KLCI) opened higher at 1,047.62 before hitting its intra-day high of 1,063.79 yesterday. It eased back marginally to close at 1,061.80 points, posting a day-on-day gain of 17.69 points, or 1.69 per cent.
Asiatic Development Bhd (Asiatic) staged a mild technical rebound yesterday. Its daily price ...