Total of 267,807,215 new share is issued and at 1st trading day, 5,044,300 units of share change hand (about 1.88%). KNM-OR price drop to lowest at RM 2.25 and highest is RM 6.00. I'm vary surprise why had someone buy the share at RM 4.00 with 277,700 units equal to RM 1,110,800! The right share price is RM 4.00 base on the issued price, just that because now a lot of bad news flow out and still bad news are coming, who holding a lot of share play a panic sales to buy share with lower prices. I think the KNM-OR will go up at friday and end with price around RM 3.00.
KLSE now is vary unstable and more bad news will come because most of the big project ware suspended and raw material price going up like rocket, add to the wost is political issue. 1H08 will going to been a bad result for most of the big company.
Wednesday, June 4, 2008
04-June-2008 : KNM-OR Open price at RM 2.75!
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