BURSA MALAYSIA: Share Prices Dip Into Red On Profit-taking In Early Trading
Share prices on Bursa Malaysia continue to dip into red in early trading today as the market remains in profit-taking, mainly on finance and plantation stocks, ahead of the lunar New Year next week.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.43 points to 1,520.
Losers led gainers 418 to 328, while 311 counters were unchanged, 335 untraded.
Volume stood at 1419.504 million shares worth RM2601.470 million.
Blogger:Yesterday I felt that market is gone because many stocks appeared so weak. The risers faced a lot of pressure from the seller and eventually they also fell down.
Today market was down to 21 points in the early part of trading because of Digi, BAT KLK which faced some minor profit-taking. If you have the courage and still dare to trade, you can also make some money.
For example, if you were to buy HWGB(9601) at 0.52 for 20,000 shares, you can sell at 2:49 at 5.65 and make some profit.
KUB came down to 0.755 and went up to 0.825 at 12:23 and if your timing is right, you will make your money.
Olympia went down to 0.39 at 9:20 am and went up to 0.435 at 2:53pm. If you can catch just 20,000 units, you can make RM 779.05.
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