SHIN Yang Shipping Corp Bhd (Syscorp) tripped into correction mode following a futile effort to overcome the stiff overhead barrier of 67.5 sen two months ago.
In the wake of an apparent profit-taking activity, prices succumbed to pressure to retreat from a rally peak of 67 sen on July 23, the best level in 2½-year to a low of 48.5 sen on Sept 18, followed by a brief range-bound session on consolidation before bouncing off amid fresh bargain hunting interest.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
