Eye on stock; BHS Industries


AFTER a massive rally, propelling BHS Industries Bhd (BHS; Code: 7241) to an all-time high of 82 sen on Sept 23, 2014, the shares tripped into consolidation mode owing to an apparent profit-taking selling activity.

However, an early typical process turned ugly later, as follow-through liquidation pressure continued to dominate the floor, tearing BHS to as low as 33.5 sen in late October 2015, the worst level in 20 months on extended correction.

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