Treading Water with KPS
KPS started well opening at RM1.26 before sellers came in to moderate the price to RM1.22 to RM 1.23 most of the morning. By late afternoon, buying support buoyed the price back to RM1.30. However, as I speculated rightly, sellers came in again to erode the price back to RM1.23 by the evening close. There was heavy buying particularly at RM1.25 and RM 1.28. KPS closed up 3 sen to RM1.23. The volume traded at closing time was 98,316 lots and the calculated weighted average price done was at RM1.25.
There was a slight buying bias at the close which should augur well for KPS tomorrow.
How will KPS perform tomorrow? Let us watch.
Quote of the Day:
“What makes men chase women they have no intention of marrying? The same urge that makes dogs chase cars they have no intention of driving.” Unknown
Heartsong
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