Eye on stock

Comfort Gloves Bhd (Comfort; Code: 2127) shares dropped to a low of 64.5 sen on the first trading day of this year, the worst level in almost five months during the recent correction process due to persistent profit-taking liquidation pressure.

Thereafter, this stock fluctuated within a band briefly before the wake of a fresh bout of renewed bargain-hunting buying emerged to drive prices higher. Comfort hit as high as 72 sen during intra-day session but finished flat yesterday absorbing late selling.