KUALA LUMPUR: Shares in EG Industries Bhd
rose over 4% in early trade following a technical buy call from PublicInvest Research.
The counter added 4.29%, or three sen to 73 sen with 19.5 million shares traded. It has risen some 23.7% so far this year.
PublicInvest said EG is staging a potential breakout from its sideways channel.
“Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term.
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