It looks like this counter has suddenly catapulted out of its earlier doldrums.
From a high of 74.5 sen, it has backtracked and then somersaulted to new highs on heavy volumes of more than 30 to 60 million shares daily. No doubt day traders has helped. There seems to be genuine medium term investors buying into the counter. I suspect the main bulk could be Berjaya-led investing units chiefly BJCorp and Berjaya Sompo after relieving their stakes in BJRetail through market sales.
It has now touched 84 sen. Let us see what new price it will rest at before retracing or moving forward.
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