Malaysian Bulk Carriers

TheStar Wed, Jan 16, 2019 08:00am - 5 years View Original


 

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MALAYSIAN Bulk Carriers Bhd broke out of the immediate resistance in Tuesday trading and rose to an intra-day high of 71 sen.

The stock has been on a climb since Dec 18, 2018, extending its recovery following a year-long downtrend between November 2017 and November 2018. 

At current price levels, the stock has reclaimed about 60% of its losses since falling from a 2007 peak of 93 sen.

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