KUALA LUMPUR: RHB Research Institute sees a possible rebound in the short term for Malaysian Resources Corp Bhd (MRCB) shares following the steep decline in the stock's price.
It said on Monday MRCB's share price had climbed from a low of RM1.27 in February 2010 to a year-high of RM2.60 on Aug 2, 2011 before a gap-down on Aug 5 2011 triggered a correction which saw its share price fall to a year-low of RM1.48 by end-September 2011.
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