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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Kossan rises 1.22% on positive technical outlook

KOSSAN
KOSSAN
Original Source From TheEdge Publish at Fri, 06 Mar 2020, 10:42AM

KUALA LUMPUR (March 6): Shares in Kossan Rubber Industries Bhd rose 1.22% at mid-morning today, following a positive technical outlook on the stock.

At 10.17am, Kossan rose 6 sen to RM5, valuing it at RM6.39 billion.

RHB Retail Research said Kossan may rise higher after it breached above the RM4.90 threshold.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has posted a second consecutive white candle.

“A positive bias may emerge above the RM4.90 level, with an exit set below the RM4.75 mark.

“Towards the upside, immediate resistance is at the RM5.18 level, followed by the RM5.30 threshold,” it said.

Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B