Of course everyone knows about the injection of cash into the stock market by the government. It is suppose to push the index to another level and also to help those undervalued counters. Unfortunately at this time of day, it is HIT & RUN Strategy which I believe and it is clearly seen that the new price for those counters are no longer sustainable.
AIRPORT at 5.38 on 21-Sep-2015
On 7-Sep-2015, the lowest price for this share was at 4.30 and it rose to its highest in that 2 weeks to 5.75. There was a sharp increase in the share price after the announcement from the government regarding the investments to be injected into KLSE. Today the share suffered a drastic drop of 31 cents or 5.45% drop in the share price. You could refer to the Announcements page for the investments by our EPF towards this share for the past month. What will be the future of this share? At this point of time, the share price seems a bit undervalued but natural increase in price through strong performance is always the best way moving forward.
GENM at 4.04 on 21-Sep-2015
The share price for GENM was hovering around 4.00 and the lowest seen within this month was at 3.94 on 8-Sep-2015. The share price increased drastically on last Tuesday, 15-Sep-2015. That day itself, the share price rose 22 cents to 4.41 and the next day, it rose to its highest of 4.60. However it closed for the day at 4.44. Today's drastic decrease in the price see the share losing 33 cents or 7.55% from its previous value! A quick check on the Announcements page didn't show anything which is irregular.
The Malaysian banks also suffered losses today.
MAYBANK closed at 8.41 down 29 cents or 3.33%
CIMB closed at 4.78 down 17 cents or 3.43%
HLBANK closed at 13.30 down 18 cents of 1.34%
PBBANK closed at 18.40 down 12 cents or 0.65%
And The Sun Daily has an article about today's performance for the KLSE.
Definitely a few things to consider and ponder about. Do think about it carefully and strategize a bit before investing in the next counter. Wishing you the best and Happy Trading!
