KUALA LUMPUR: Shares of YKGI Holdings Bhd
rose over 7.4% in early trade after a technical buy by PublicInvest Research.
The flat steel player advanced 7.41%, or one sen to 14.5 sen with 2.37 million shares traded. It is currently trading at a PE ratio of 17.19 times.
PublicInvest said YKGI picked up its prior uptrend after undergoing congestion phase.
“Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in nearterm.
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