There is still 5 days to go before it exes. Looking at the trading numbers, most lots done are below 100 block lots. There were many blocks of 100 to 400 lots done at the RM7.78-RM7.79 level . Possibly from institutional buyers getting a good bargain from traders who made profit during the last three trading days. The stock ended at RM7.79 sen for an 11 sen loss.
Let us see what happens the next few days.
I am not super optimistic but I believe my hunch is correct that it will go up before it cum split this Monday 25th April or ex-split on Tuesday 26 April.
YTL had huge block buying interests up to 1000 lot I think the institutional investors have come in pre-share split. The share price closed at RM7.81 for a 4 sen loss.
Let us see what a dull Friday will do to YTL tomorrow (22April 2011).
