It is not everyone's risk appetite to buy into a full lot of BAT at RM52.56 per share.
So, when you see a 100,000 share purchase or 100 lots done at this price, it is really a big cash outlay. Estimated gross payment will top RM5.2 million.
I guess a foreign fund came in to take out this tranche.
The highest price it went up to recently was RM54.00.
Today, BAT went up to RM52.64 before retreating to end at RM52.56.
Is something burning in BAT that is going to make minority shareholders stir crazy?
That, we have to see.
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