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Hot Stock GD Express falls on maiden Main Market trade
by Cals Mon 05 Aug 2013, 14:48
Hot Stock GD Express falls on maiden Main Market trade
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 05 August 2013 14:23
KUALA LUMPUR (August 5): GD EXPRESS CARRIER BHD [] fell among top decliners on the logistics firm's maiden trade on Bursa Malaysia Main Market. The company was upgraded from the ACE Market previously.
At 12.30pm, GD Express shares fell 18 sen to RM2.80 with 90,700 shares done. Its warrant declined 20 sen to RM2.30 with 22,000 units traded.
GD Express said today it has completed the transfer of its entire issued and paid-up share capital, and outstanding five -year warrants to the exchange's Main Market from the ACE Market.
The exercise involved the transfer of GD Express’ issued-base of 261.94 million shares of 10 sen each, and 46.69 million warrants.
In a note today, Kenanga Investment Bank Bhd said GD Express shares’ technical support and resistance are seen at RM2.96 and RM3.04 respectively.
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 05 August 2013 14:23
KUALA LUMPUR (August 5): GD EXPRESS CARRIER BHD [] fell among top decliners on the logistics firm's maiden trade on Bursa Malaysia Main Market. The company was upgraded from the ACE Market previously.
At 12.30pm, GD Express shares fell 18 sen to RM2.80 with 90,700 shares done. Its warrant declined 20 sen to RM2.30 with 22,000 units traded.
GD Express said today it has completed the transfer of its entire issued and paid-up share capital, and outstanding five -year warrants to the exchange's Main Market from the ACE Market.
The exercise involved the transfer of GD Express’ issued-base of 261.94 million shares of 10 sen each, and 46.69 million warrants.
In a note today, Kenanga Investment Bank Bhd said GD Express shares’ technical support and resistance are seen at RM2.96 and RM3.04 respectively.
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