KUALA LUMPUR (Oct 5): Shares of Only World Group Holdings Bhd (OWG) rose 1.76% at mid-morning today after RHB Retail Research said OWG may trend higher after inching above the RM2.26 level in its latest session, albeit marginally. At 10.13am, OWG rose 4 sen to RM2.31 with 391,800 shares done. In a trading stocks note today, the research house said a bullish bias may be present above this point, with a target price of RM2.50, followed by RM2.75. It said the stock may turn sideways if it cannot hold above the RM2.26 mark in the near term. “Support may be found at RM2.11, where traders can exit upon a breach to avoid the risk of a further correction,” it said.

Source: The Edge Markets October 05, 2016 02:37 UTC