Australia's Star Entertainment hits record low on capital restructure plans
** Shares of Star Entertainment SGR.AX fall as much as 19.7% to a record low of A$0.603
** Shares of casino operator resumed trading after it said it aims to raise A$750 mln ($480 mln) as a part of a major capital restructure
** Co added it would raise equity at 60 Australian cents per share
** SGR is the top loser in the benchmark ASX 200 index
** The Relative Strength Index (RSI) is trading close to 17-mark, suggesting that the stock may be oversold
** A score of above 70 on the RSI, a technical indicator, indicates the stock is overbought, while one below 30 suggests it is oversold
** About 16.5 mln shares change hands, compared with the 30-day average of 7.6 mln shares
** Stock down 54% this year, as of last close
($1 = 1.5625 Australian dollars)
Reporting by Navya Mittal in Bengaluru
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