Given what had transpired yesterday, Lityan certainly surprised me this morning!
It opened at 2.68!
Up a massive 23 sen!
LOL!
Doesn't it make a total MOCKERY of Bursa UMA Query?
I mean why does Bursa bother with such query when the stock continues to rocket without wings?
I wonder why?
Chinese say 'eat full nothing else better to do?' :doh:
Anyway it opened at 2.68 and it soared to a high of 2.88!!!
LOL!
Here's the chart:
What will happen next?
Do stay tune for updates later!
On the Edge Financial Daily:
- Lityan extends gains, but off highs
Written by Joseph Chin
Wednesday, 04 November 2009 09:41
KUALA LUMPUR: Shares of Lityan Holdings rose to a high of RM2.88 in early trade on Wednesday, Nov 4 after it resumed trading following a brief voluntary suspension the previous day.
Stock market data showed the shares rose as much as 43 sen to RM2.88. However, it eased off the early highs and was trading at RM2.66, up 21 sen at 9.36am.
The counter saw active trade with 5.159 million shares done.
On Tuesday, the company was queried by Bursa Malaysia Securities over the sharp rise in the share price and volume.
Lityan had replied it was not aware of any of the following that may have caused the unusual market activity in the company's shares.
The company said the interest could be that it was now a 65% subsidiary of Lembaga Tabung Haji (LTH), making it a government-linked company (GLC). The company is also one of the three listed subsidiaries of LTH.
Wednesday is also T+3, or settlement day since the shares resumed trading last Friday at a reference price of RM1.
This is how Lityan ended Day 2!
yo dude,
ReplyDeletei wonder whether the UMA is just a tool to "convince" small holders that the hand behind lityan is so strong that UMA doesnt make a dent on their plan.
However, BUrsa has the ultimate weapon of designating the share. I think the hidden hand also understand this and pushing their luck too much is not good in share or life... hehe