Quick take: Pos Malaysia jumps on technical buy

Pos Malaysia headquarters. UOB Kay Hian Malaysia retail research has a Buy on Pos Malaysia with a target price of 99.5 sen and stop-loss at 72.5 sen.

KUALA LUMPUR: Shares of Pos Malaysia rose to a high of RM1.04 on Wednesday on a technical buy following bullish buying momentum.

At 3.37pm, it was trading at 93 sen, up 11.5 sen. There were 81.4 million shares done at prices ranging from 82.5 sen to RM1.04.