THERE seems to be some life returning to SURIA CAPITAL HOLDINGS BHD
(code:6521) amid the negative pressure on the equities market, although the advance currently lacks conviction.
On Friday, the stock extended its gains over the previous session to hit its highest level in five weeks. At its current trading level, the stock is grazing past the 23.6% Fibonacci retracement mark as it makes a slow recovery following the share price meltdown in March.
There has also been a surge of activity in the counter over the last six trading sessions, which indicates that investors may have found a buying lead.
While there was initially little movement in the share price, suggesting consolidation pressures, the rising investor interest and subsequent jump in share price on Thursday is a promising sign.
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