Global stocks and oil fall as investors brace for another wild week in markets
Global markets sank again on Monday as the coronavirus pandemic continued to worsen and after President Donald Trump announced that social distancing measures would be extended at least through April 30.
Could even drop till left 2 cents and gone from KLCI. Then you can hold the stock forever. Sure buy for the rebound, huge gain huge risk. But if director is selling in millions then you have to ask why? To kill you together with himself or he is almost dead fish? Still with borsig storyline? Only way this can play out is there will be right issue again to collect more cash from Sardines and then issue more debt before finally bankrupt unable to repay them.
Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut amid crashing demand. “[T]he Kingdom intends to increase its crude oil exports, starting from May, by about 600 thousand barrels per day, bringing the total of Saudi petroleum exports to 10.6 million barrels per day,” an official at the Saudi Arabian Energy Ministry said on Monday, as carried by the official Saudi Press Agency.
wah CEO sold again yesterday ??? hahahhaha what a good CEO ....run away.......i hope ur ppl didnt borrow money and bought this when someone keep promoted KNM ........
Date of change Shares Director/ Substantial Shareholder 27 Mar 2020 Disposed 6,000,000 IR LEE SWEE ENG 27 Mar 2020 Disposed 6,000,000 IR LEE SWEE ENG 25 Mar 2020 Disposed 10,000,000 MADAM GAN SIEW LIAT 25 Mar 2020 Disposed 10,000,000 MADAM GAN SIEW LIAT 25 Mar 2020 Disposed 10,000,000 IR LEE SWEE ENG 25 Mar 2020 Disposed 10,000,000 IR LEE SWEE ENG 19 Mar 2020 Disposed 10,000,000 IR LEE SWEE ENG 19 Mar 2020 Disposed 10,000,000 MADAM GAN SIEW LIAT 19 Mar 2020 Disposed 10,000,000 MADAM GAN SIEW LIAT 19 Mar 2020 Disposed 10,000,000 INTER MERGE
I wonder how Trump, Saudi n Russia negotiate n reach an agreement based on current 20 million crude oil surplus ... We might see some good agreement when crude oil demand improve in a few months later ... Unlikely to reach any agreement now ...
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....
maxprofit2020
1,161 posts
Posted by maxprofit2020 > 2020-03-30 17:19 | Report Abuse
Good closing today at 0.105 after 4 x consecutive closing at 0.11.
Oil = 20.43, -5.02%
Expect once crude oil price drop below USD 20, KNM shall have significant drop as well.