Bursa Alert
Global Market
NewsWong Engineering under pressure after Friday surge
Page 1 of 1
Wong Engineering under pressure after Friday surge
by Cals Mon 23 Sep 2013, 14:03
Published: Monday September 23, 2013 MYT 9:33:00 AM
Updated: Monday September 23, 2013 MYT 9:35:25 AM
Wong Engineering under pressure after Friday surge
KUALA LUMPUR: Shares of loss-making Wong Engineering Corp Bhd came under some selling pressure early Monday, falling to a low of 58.5 sen, after last Friday’s price surge.
At 9.24am, it was down 3.5 sen to 58.5 sen. There were 1.71 million shares done.
The FBM KLCI fell 6.96 points to 1,794.87. Turnover was 288.49 million shares valued at RM125.77mil. There were 133 gainers, 193 losers and 160 counters unchanged.
Last Friday, its share price closed 20.5 sen up, or a 49.3% gain, to 62 sen amidst volatile and heavy trading. It hit an intra-day high of 68.5 sen and a low of 41 sen.
The price surge saw it being issued with an unusual market activity query by Bursa Malaysia Securities. Trading was halted at 4.40pm.
Wong Engineering later announced it was negotiating with a third party for the supply of mechanical and industrial products.
It also added it would make immediate announcements upon final confirmation. Besides that, it said it was unaware of any other developments.
However, the company later announced that in the third quarter ended July 31, 2013, it posted net losses of RM601,000 compared with net loss of RM687,000 a year ago.
For the nine months, it recorded losses of RM1.82mil from RM1.05mil in the previous corresponding period.
Updated: Monday September 23, 2013 MYT 9:35:25 AM
Wong Engineering under pressure after Friday surge
KUALA LUMPUR: Shares of loss-making Wong Engineering Corp Bhd came under some selling pressure early Monday, falling to a low of 58.5 sen, after last Friday’s price surge.
At 9.24am, it was down 3.5 sen to 58.5 sen. There were 1.71 million shares done.
The FBM KLCI fell 6.96 points to 1,794.87. Turnover was 288.49 million shares valued at RM125.77mil. There were 133 gainers, 193 losers and 160 counters unchanged.
Last Friday, its share price closed 20.5 sen up, or a 49.3% gain, to 62 sen amidst volatile and heavy trading. It hit an intra-day high of 68.5 sen and a low of 41 sen.
The price surge saw it being issued with an unusual market activity query by Bursa Malaysia Securities. Trading was halted at 4.40pm.
Wong Engineering later announced it was negotiating with a third party for the supply of mechanical and industrial products.
It also added it would make immediate announcements upon final confirmation. Besides that, it said it was unaware of any other developments.
However, the company later announced that in the third quarter ended July 31, 2013, it posted net losses of RM601,000 compared with net loss of RM687,000 a year ago.
For the nine months, it recorded losses of RM1.82mil from RM1.05mil in the previous corresponding period.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Stock With Momentum: Wong Engineering Corporation
» Stock With Momentum: Wong Engineering Corp
» Bursa queries Wong Engineering over unusual market activity
» Stocks With Momentum Pentamaster, CME, Hwa Tai, Wong Engineering, Melewar, Dufu
» Hot Stock Wong Engineering soars on speculation regarding 3rd party supplier.
» Stock With Momentum: Wong Engineering Corp
» Bursa queries Wong Engineering over unusual market activity
» Stocks With Momentum Pentamaster, CME, Hwa Tai, Wong Engineering, Melewar, Dufu
» Hot Stock Wong Engineering soars on speculation regarding 3rd party supplier.
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|