Yinson shares rise 6.71% to highest level in 23 years

KUALA LUMPUR (June 21): Yinson Holdings Bhd shares rose as much as 39 sen or 6.71% to RM6.20.

Market Metrics

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

* The FTSE Bursa Malaysia KLCI Index — Kuala Lumpur Composite Index moved less than 0.1%, and the MSCI AC Asia Pacific Index changed less than 0.1%.

* The relative strength index on the stock was above 70, indicating it may be overbought.

Market Insights

* In the past year, the stock had a similar or greater gain two times at the close; it advanced in the next trading session once (6.5%) and declined once (5.8%).

* Shares are at a 3.8% premium to the analysts’ consensus target price. The stock traded at an average 14% discount over the past year.

* Stock advanced 25% in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index — Kuala Lumpur Composite Index lost 2%.

Source: TheEdgeMarkets