Dufu Technology advances 7.6% to highest level in 15 weeks

TheEdge Fri, Apr 19, 2019 03:45pm - 5 years View Original


KUALA LUMPUR (April 19): Dufu Technology Corp Bhd shares rose 7.6 percent, more than any full-day gain since Feb 11, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM1.98, higher than any close since Dec 31, from RM1.84 in the previous session.

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

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.2 percent, and the MSCI AC Asia Pacific Index changed less than 0.1 percent.

* 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 10 times at the close; it advanced in the next trading session twice (6.6 percent, on average) and declined six times (2.4 percent, on average).

* Stock advanced 169 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 14 percent.
 

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DUFU 2.110

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