Eye on stock

Bonia Corp Bhd (Bonia, code 9288) shares established an all-time high of RM1.53 on July 21, 2014 following a massive rally.

Thereafter, in the wake of profit-taking, the stock succumbed to pressure and slipped into correction mode but what appeared to be a typical process initially turned ugly later. Though Bonia made an attempt to recover in the first quarter of last year, it was met with more liquidation and subsequently, the stock tumbled to a low of 56 sen during intra-day session on Wednesday, the worst level in almost three years.