Just when you least expect it to, the market suddenly turned on its head and registered a most vibrant trading day yesterday. Just a one-off? Judging from the trading trend, movements in certain stocks, it looks to have some legs for a run.
Supposedly consolidating stocks such as Mah Sing, RA suddenly sprouted wings. Coincidentally, Hap Seng Consolidated has finally set their warrants price, now that the exercise is over, we may see more activity. Same goes for Coastal Contracts as the contra selling for those buying ex-basis is over and the warrants should start trading over the next couple of days.
There was also sufficient activity in "trading stocks" such as ENG and Dialog. Plus fresh meat in Wijaya and Hiap Teck. Activity also seen in AFG and Affin as the banking M&A theme seems to be simmering as well.
All in, looks good for a couple of weeks.
NOTE: The above opinion is not an invitation to buy or sell. It serves as a blogging activity of my investing thoughts and ideas, this does not represent an investment advisory service as I charge no subscription or management fees (donations are welcomed though). The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.