PERISAI Petroleum Teknologi Bhd, an oil & gas-related company, plummeted to a low of 38 sen on Dec 15, last year, the worst level since April 2009 amid extended liquidation pressure, depressed by the downward spiral in crude oil prices.
Thereafter, investors emerged from the sidelines to indulge in light bargain hunting interes and their actions helped prices to bounce off the ebb to trade range-bound with a mild upward bias on consolidation. This stock recovered to a high of 53 sen during intra-day session yesterday, the best level in almost seven weeks.
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