@Dexter150185 the reasons were as followed: 1.France sovereign bond issuance 1-2days ago not well received by the market.Maybe their group of IBs not properly advised the gomen on the mix,yield and size of the bond. 2.Global Central Banks are tightening instead of easing for the past eight years.This will lead to higher interest rates.With higher bond yields the impact on the stocks were still not known.Normally,when the yields go up the equities will go the opposite way. 3.Rising geo-political temperature in the gulf,North Korea,China-India border's dispute over the road building work in Sikkim. 4.Foreign funds flows to the local equities market yesterday also in the negative because of the expected interest rate rise in US,EU.There may be another rate rise by US Federal Reserve towards the end of the year.
Outcome: The myriad not positive factors singly,collectively or severally have the immediate bearing on the stock market performance.
The stock price where got day day up one...sure up 2 days drop 3 days....most important is up more than drop.....just wait and see....so far this stock after drop below 1.4 will got strong support
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROPOSED RIGHTS ISSUE MALAYSIAN RESOURCES CORPORATION BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")
PROPOSED RIGHTS ISSUE We refer to the announcements dated 17 May 2017 and 22 June 2017 in relation to the Proposed Rights Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Rights Issue.
On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 23 June 2017, submitted an application to Bursa Securities in respect of the following:-
(i) the admission of the Rights Warrants to the Official List of Bursa Securities; and
(ii) the listing of and quotation for:-
(a) up to 2,857,198,698 Rights Shares and up to 571,439,740 Rights Warrants to be issued pursuant to the Proposed Rights Issue;
(b) up to 571,439,740 new Shares to be issued arising from the exercise of the Rights Warrants;
(c) up to 278,819,965 additional Warrants A to be issued pursuant to the adjustments under the deed poll dated 22 August 2013 constituting the Warrants A as a result of the Proposed Rights Issue; and
From the RIs and conversion of present WAs if any, an estimated RM4 billion can be pumped into MRCB for gigantic projects etc, so Bandar Malaysia can easily be pocketed by MRCB,,
Don't forget October when PM announce budgetary presentation, sure will have many construction budget, normally MRCB, WCT, etc. will raise after that....let's see
Where got money for projects? Civil servants still want 3% pay rise.
kcwong Don't forget October when PM announce budgetary presentation, sure will have many construction budget, normally MRCB, WCT, etc. will raise after that....let's see 11/07/2017 10:40
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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....
Dexter150185
583 posts
Posted by Dexter150185 > 2017-07-07 12:59 | Report Abuse
What's the reason for bad market today ?