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FBM KLCI Up 6 Point Before Closing Is Mainly Push Up By PETDAG

Yesterday PETDAG trading activity is low, the share at 4:38pm is at RM9.30 just FBM KLCI enter last 10 min closing, PETDAG up RM0.48 to close it at RM9.78 a 5.16% up.

You may see yesterday PETDAG is only trading in 4 price and the vol is vary low. I just think what positive news will roll out or this is just to manipulate the FBM KLCI chart to turn positive and show the index is strong supported.

At RM9.78 only 56,500 unit done and only use RM552,570.00 to save FBM KLCI at positive zone is a vary valued investment.

As we know PETDAG is totally government control share so government also try there best to support and give the best picture of our economic for us to see but inflation in food and living cost already show that Malaysia economic is in red zone.

From the "The Edge" website I read "Share prices end firmer after late rebound" in the report they did not said any thing about PETDAG.


Ivan June 24, 2010 at 9:06 AM  

Hi Bro ,

SC not allow market participant to manipulate the market price. .but yet, are they allow GOV to do it legally? Hehe. .

Durian Edge June 24, 2010 at 10:13 AM  

Hi Ivan

SC by rule is not allow but you can see in reality, already many company manipulate the share price up and down without any problem so I think GOV can because "Malaysia Boleh" haha...

Ivan June 24, 2010 at 2:09 PM  

Legally maniupulate is not allow. .but incidential manipulate tak apa la..so long CI is close at green level. .

maybe that is our gov intention to send CI to 1500 lvl ? hehe. .

Ivan June 24, 2010 at 2:10 PM  


Did u involve in future CI?
I am start to learn the market. may I know any place can I find more info and study 1st before been kill in future CI?


Durian Edge June 24, 2010 at 3:55 PM  

Hi Ivan,

I did not involve in future CI.

Sure need to study baik baik before jump in. Good luck.

Ivan June 24, 2010 at 5:36 PM  

TQ bro .
I wish can know more, and invest/trade smartly.
Sometime when mkt bear,,. is hard for us to find money from equities market. .. so . ..

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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