KLSE (MYR): YTLPOWR (6742)
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Last Price
4.50
Today's Change
+0.06 (1.35%)
Day's Change
4.44 - 4.55
Trading Volume
12,536,100
2025-01-08
2025-01-07
2025-01-04
2025-01-03
2024-12-31
2024-12-30
Antifanaticracism
1,047 posts
Posted by Antifanaticracism > 2024-09-30 21:13 | Report Abuse
Share price is set by trading of less than 10% of the total shares of a company. So it is quite artificial. If company wants to sell all it's shares, nobody is going to pay for it. So it is quite easy to set the price artificially at least for a certain period of time. At a higher price, share price is sustained by furious buyers who were brainwash over a period of time by bank analysts and others that abc company is worth certain price. Then price is push up for weeks. More and more people buy. At the height analysts and accomplistrelease more mathematical data of future earnings based on assumptions starts to unload