That was the marker price they wanted to show for the day. After that genuine traders came in. As it was the last day cum trading before YTL goes ex-share split tomorrow, not many sellers sold down except those that had already made profit the last week or so.
Buying during the last 30 minutes was mostly buy-ups, taking off the sellers at RM7.99. The final count was 1,853,600 shares done and the counter ended with a 17 sen gain.
At an easy to calculate price of RM8.00, that would mean the theoretical ex-price is RM1.60 tomorrow.
Will we see handsome premiums tomorrow?
Let us watch YTL's new price trajectory tomorrow (26 April 2011)
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