Ranhill(5030) is supposed to fly because of the contract announced yesterday. However, because the market is weak, so it also follows the trend.
It went up to 0.93 this morning but the price cannot hold, it came down to 0.89 at 11.23am
News supposed to drive the price up but not necessary.
That is why I said when you bought a stock, you are at risk because there is no guarantee it will go. Even if the price rises, it might not hold so you still have to know when to buy and when to sell to grasp the profit if you are doing trading.
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