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TM active, up 2.6% on technical rebound

Mimi Sabreena 3:04:00 PM Informasi

KUALA LUMPUR (Jun 22): Telekom Malaysia Bhd (TM)’s share price recovered by 2.6% or 8 sen to RM3.22 with about 8.3 million shares traded on a technical rebound after its share price had plummeted by 13.5% to its lowest level since November 2011.

Rakuten Trade Research team this morning issued a technical note on TM, highlighting the decline seen by the telecommunication giant so far this year as it fell by 50.17% to its closing price yesterday.

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