Eye on stock; Sunsuria

SHARES of Sunsuria Bhd (Sansuria, 3743 and formerly known as Malaysia Aica Bhd) fell to a seven-month low of 75.5 sen on Aug 26 last year on correction.

Amid a fresh bout of bargain hunting interest, prices staged a rebound to a high of 94.5 sen in a two-month rally making an attempt to heal, but the absence of follow-through support from investors prompted the bulls to abandon the idea. Subsequently, prices retraced back to the 81-sen level on Feb 3 and turned sideways, lasting several weeks on consolidation before bouncing off again amid fresh buying momentum.