FGV-Defying Market Gravity with Difficulty

Anti-gravity?

It's a pity that FGV, a political counter is under intense pressure to perform on the Bursa KL.

I guess one reason for the lack of interest is that it it a possibly propped up political counter awaiting a larger fall-out after the 13th GE.

At the moment, government funds are getting a load of this counter particularly the EPF which has been selling blue chips left and right to do its bidding to hold the shares up.

It has fallen because of lack of interest from both private funds; local and global.

Forget retail buying, there is just no money to be made.

Today it fell to to RM 4.54 below its IPO price of RM 4.55 and as long as the 13th GE is not called, it will go into slumberous mutation in price.

How sad for the FELDA settlers who bought the shares.

 There is just no way to defy price gravity!