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AZRB price set to rechallenge previous resistance high.
Byline: S.N. Lock
SHARE prices on Bursa Malaysia continued to consolidate within expanded trading ranges in tandem with the weak performances on the regional stock markets yesterday. Overall declining counters overwhelmed advancing counters by 471 to 181.
The FTSE Bursa Malaysia Composite Index (FBM KLCI) fell back from its intra-day high of 1,216.82 points to its intra-day low of 1,204.20 yesterday. It closed at 1,205.95 points, giving a day-on-day loss of 11.44 points, or 0.94 per cent. Ahmad Zaki Resources Bhd (AZRB) staged a technical rebound yesterday.
Its daily price trend closed at 99.5 sen, giving a day-on-day gain of 10 sen, or 11.17 per cent.
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