Narra which main businesses include producing medium to high-end wooden furnitures. Recently it releases a healthier set of quarterly results that probably triggered some buying activities. Last week, it also announces a multiple corporate proposals.
Chartwise, the share price is stalling again following on a recovery process. It is currently trading within a band between approximately RM1.60- RM1.80. If it managed to clear fromthe band, a trading opportunity will arise above the RM1.80 level. Otherwise, it will within the sideways band.
by Mercury Securities.
Narra Industries's core business is the manufacture and sale of cement bonded particle boards and asbestos fibre cement roofing sheets.