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Yes. Sellers are holding their stocks. Buyers are keen to buy but at price lower than what stock holders want. Yesterday at 2:30PM, someone dumped their shares at lower price. Market panick but recovered late in the evening.
Dear All, Malaysian stocks are news driven. This is the reaction from Budget 2022. There are several proposal to introduce Corporate Tax called 'Cukai Makmur' and increase stamp duty for all share trading in Bursa.. Cukai Makmur is one off but the amount is high as much as 24% for those corporate earns more than MYR 300mil profit.
Your share prices react to this budget and will adjust its price in coming days. Meaning, the highs and lows of your share prices will change.
Hope this helps.
@Denny, Chin Hin continues from yesterday price at 1.20 when market opens this morning. But later slide a bit after being cushioned by on and off buying. As of now, share price settles around 1.18. Hope this helps.
@Leong, Sorry for my late reply. We can know if your share price is under or overvalue by looking at your share price with earning ratio, PE ratio. If your PE ratio is extraordinarily high e.g. PE ratio > 20, then your share price is overvalue. Hope this helps, yea..
