IRCB breaking out of consolidation


By KM Lee

KUALA LUMPUR: After peaking out temporarily at a three-year high of RM1.10 on Sept 19, 2003, Integrated Rubber Corporation Bhd (IRCB) suffered a rather steep pullback to the 55 sen level in a two-week correction process owing to an apparent profit-taking activity.

Thereafter, prices were mostly trapped within a relatively wide band, undergoing consolidation.

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