RCE Capital -One Tough Nut to CrackAll day long, the buyers kept coming out from nowhere buying up shares from the sellers. There were moments of weakness when the counter went down to 78 sen. The volume was extremely heavy. It ended down two sen only.
RCE started jumping up in February moving up almost 20 sen by mid-April on speculative news that GE Capital is negotiating to buy 30% stake at RM1.60 from certain shareholders.The rumours that GE Capital is trying to get some form of control from Azman Hashim fueled speculative buying in the first week of April. HSBC additional purchase on the market was also attracting buyers.
Azman's was forced to respond to Bursar's query. He stated that there was no negotiation with GE Capital on a sale of his stake. With that, the share went down a wee bit but then gathered buying strength again until today.
Quote of the Day:
Heartsong
RCE started jumping up in February moving up almost 20 sen by mid-April on speculative news that GE Capital is negotiating to buy 30% stake at RM1.60 from certain shareholders.The rumours that GE Capital is trying to get some form of control from Azman Hashim fueled speculative buying in the first week of April. HSBC additional purchase on the market was also attracting buyers.
Azman's was forced to respond to Bursar's query. He stated that there was no negotiation with GE Capital on a sale of his stake. With that, the share went down a wee bit but then gathered buying strength again until today.
Quote of the Day:
Heartsong
