=MARKET BUZZ: Malaysia's Niche Capital Emas Jumps 83% As Investors Hunt Gold Stocks
Niche Capital Emas Holding surges 83% to MYR0.21 in highly active trade. Stock hit an intraday high of MYR0.26 before easing off as jewelers and gold-related stocks have rallied tracking rise in gold prices, which has stayed above $2000 an ounce. Investors are hunting for more gold-related stocks to catch up with gains of Poh Kong Holdings and Tomei Consolidated, says dealer with local brokerage. Adds, “the uptrend is there... it’s a clear breakout in high volume from its recent price” and investors may also consider the company’s warrants for short-term gains. Nearly 400 million shares changed hands so far. Meanwhile, Poh Kong and Tomei climb over 17% and 21%, respectively.
Eventhough today's increment is good, but this price can be considered relatively weak. I'm expecting a sell down tomorrow and on Friday, unless the price of gold is on steroid for the next couple of days.
I'm still holding since 0.205 hahaha I'm quite late!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Flyingbee11
20 posts
Posted by Flyingbee11 > 2020-08-06 15:29 | Report Abuse
reallynewbie12: its ok to miss 7c.. u dont want to miss another 10sen