Bursa Malaysia (KLSE) Daily Info Edge Zone

PBBANK Still Hold On RM12.80 Level

Durian Edge
Publish date: Fri, 19 Nov 2010, 08:20 AM
Durian Edge
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PBBANK still hold above RM 12.80 after a few days FBM KLCI dip below 1,500 level. Base on the vol, when FBM KLCI dip PBBANK vol is up with not mach change on price value so investor still holding up good quality share. Usually PBBANK share will go up strongly before Chinese New Year start at end of the year, base on the chart the vol is good and likely the share price also will moving up.

I think the share price just waiting a good moment to move on next month because westen market likely to go windows dressing before end of the year and like what Najib had said Malaysia economic is good so government will likely to support FBM KLCI to show that so bank share is the major part in FBM KLCI, to support it bank share need to go higher.
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