March 01, 2012

Sime Made it into the Double Digit


After struggling from corporate fumbles, Sime Darby finally made it to the roost moving beyond RM10.00 in early trading and sustained up to noon.

Volume was heavy for a heavyweight. My best guess is it is local institutional buying or foreign funds may have waded in the snap up shares in Sime.

It is currently trading above RM10.10 and could sustained at this price range until the finish if no weak holders come in to spoil the fun.

No comments: