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TheEdge Daily: Hot Stocks For The Week
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KarenSoft Technology Bhd
52-week high
Sept 9, 2003, RM1.25
52-week low
Jan 5, 2004, 68.5 sen
Technical support
Long term: 80 sen
Short term: 95 sen
Technical resistance
Long term: RM1.50
Short term: RM1.25
Latest insider moves: Chee Chong Hwa, a director and substantial shareholder, acquired 180,000 shares on June 15 via an off-market transaction.
Off-market transactions (30days): On June 23, 260,000 shares traded off market at RM1.05 each.
Some 7.4 million KarenSoft Technology
shares were traded on a single day last
week, driving the counter to its six-month
peak of RM1.05 per share. Dealers say
the Mesdaq Market theme is making a comeback
amongst investors, and that interest in
technology stocks was fuelled further
by the surge in chip prices. Buying interest
was also aided by KarenSoft's impending
bonus issue of shares, which received
Bursa Malaysia's approval last week.
By Lim Ai Leen on 28 June 2004 |
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