KUALA LUMPUR: Shares in Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) rose 2% in early trade on Friday and is ready to trade higher. The counter, which has been on an uptrend, added two sen, or 2.17% to 94 sen with over 2.1 million shares traded. AllianceDBS Research said had on Nov 9 tested previous day’s low of 85 sen before closing at the day’s high of 92 sen. It said MMHE continued to trade above the 20-day (blue) and 50-day (red) moving average lines. “A trigger of the 89.5 sen level would see the stock positions being squared,” AllianceDBS said.

Source: The Star November 10, 2017 01:41 UTC