Eye on stock


By K.m.lee

SHIN Yang Shipping Corp Bhd (Syscorp) tripped into correction mode following a futile effort to overcome the stiff overhead barrier of 67.5 sen two months ago.

In the wake of an apparent profit-taking activity, prices succumbed to pressure to retreat from a rally peak of 67 sen on July 23, the best level in 2½-year to a low of 48.5 sen on Sept 18, followed by a brief range-bound session on consolidation before bouncing off amid fresh bargain hunting interest.

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