AFTER a strong and steep rally, shares of Malaysian Resources Corp Bhd (MRCB, Code: 1651) pulled back from a near one-year peak of RM1.52 on Nov 9 last year to a low of RM1.08 on Feb 12 in a three-month correction process owing to apparent profit-taking activity.
Thereafter, in the wake of a fresh bout of bargain-hunting buying, prices staged a moderate rebound to the RM1.27 level on March 21, before turning range-bound on consolidation.
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