November 15, 2011

Digi: Under Stragglers' Stranglehold


As to be expected, the shares started evenly at RM35.00 on opening bell, jumped upwards to RM35.40 before being dragged down by the 'cats' to RM34.80. Then it level at a keel to float 2 to 4 sen above RM35.00.

As today represents the third last day before the shares go ex, let us see whether there is still a great demand for Digi shares.

Looks like there is but a spent force in the buying of Digi shares. As sellers emerged,bargain hunters took up position to claw down the shares.

Digi shares finished 14 sen better at RM34.76- a consolation of sorts after it went ex-dividend of 37 sen today.

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