(Apr 2): The troubles are adding up for IHH Healthcare Bhd, wiping almost US$800 million ($1.08 billion) from its market value over three days.
A whipsawing Turkish lira, a major shareholder cutting its stake, and continued uncertainty over a plan to buy Fortis Healthcare have led IHH to fall 6.6 percent over three days while the benchmark index was largely flat. The stock fell as much as 6.1% on Tuesday, the most since Aug 13, pushing its 14-day relative strength index into oversold territory for the first time since November.
