Eye on stock: Lii Hen

AFTER peaking out temporarily at a high of RM5.92 on July 24, Lii Hen Industries Bhd (Lii Hen) shares pulled back moderately to a one-month low of RM5.03 on Aug 12 on correction owing to an apparent profit-taking activity, exacerbated by the recent market meltdown.

Thereafter, investors emerged from the sidelines to indulge in light bargain hunting interest but buying momentum picked up steam later, as improved global sentiment boosted their optimism.