The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell from its intra-day high of 1,270.05 points to its intra-day low of 1,264.76 yesterday. It closed at 1,269.03, giving a day-on-day loss of 1.78 points, or 0.14 per cent.
Fajarbaru Builder Group Bhd (Fajar) staged a technical rebound yesterday. Its daily price trend closed at RM1.08, giving a day-on-day gain of 8 sen, or 8.00 per cent.
Chartwise, Fajar's daily price trend fell from its high of RM1.29 on October 15 all the way down to its intra-day high of 99 sen on December 16, giving a total loss of 30 sen, or 23.26 per cent.
Fajar's hourly fast Moving Average Convergence Divergence indicator (MACD) continued to stay above its hourly slow MACD yesterday. Both of its hourly fast and slow MACDs continued to stay above their respective neutral reference lines.
Fajar's hourly price trend is likely to embark on a gradual climb over its near-term perspectives.
|7047 FAJAR FAJARBARU BUILDER GRP BHD|
|Notice of Shares Buy Back - Immediate Announcement|
17/12/2009 05:54 PM