Digi: Raging Buyers

Another Benchmarking Exercise?

As Axiata faces a testy situation in India due to some licence cancellation, Digi is not affected per se though it's parent,Telenor had similar issues.

So, this morning, from the get go start of trading Digi shares were chased up to RM4.32 before settling down to trade range-bound at RM4.20-RM4.25.

So, what do you think is behind this hormonal discharge to get into the counter. A delayed January effect?

If the next Rubicon is RM4.40, that target is close at hand and should be surpassed if the Greek problem gets solved very soon.

Let us wait to see whether there is enough threshold volume today to rationalise the upward price push.

Digi ended 3 sen up at RM4.14 on more than 100,000 lots.