Bigger chulk of vol abv 90.. this zone not keen..
That' s possible and even higher. Still low volume today, but still in top 20...
@1015
 
@1015
 
| Last Done Price |
0.089
|
Volume |
7,973,500
|
| Change |
+0.002
|
%Change |
+2.300
|
| High |
0.090
|
Low |
0.085
|
 
| Bid Volume | Bid | Ask | Ask Volume |
|---|---|---|---|
|
638200
|
0.088
|
0.089
|
372800
|
|
1707500
|
0.087
|
0.090
|
999900
|
|
2572000
|
0.086
|
0.091
|
859100
|
|
1669600
|
0.085
|
0.092
|
830000
|
|
850000
|
0.084
|
0.093
|
1729900
|
makdatok ( Date: 14-Jul-2021 09:43) Posted:
|
I want 92
Mercurius ends 10.3% lower after rising as much as 8.2% on hefty turnover
SHARES of Catalist-listed Mercurius Capital Investment fell after spiking in early trade on Tuesday.
 
Its shares rose to 10.5 Singapore cents as at 9am on Tuesday, up 0.8 Singapore cent or 8.2 per cent, before falling to an intraday low of 8.7 cents at 11.46am - the same price at which it eventually closed, down S$0.01 or 10.31 per cent.
 
It was the most actively traded counter by volume that day, with a total of 109.3 million shares changing hands.
 
Tuesday marked the resumption of trading, after Mercurius announced on Monday that it would be diversifying into the grocery business. It had earlier called a trading halt on July 8.
 
Mercurius aims to grow a network of over 500 stores across the region over the next three years.
 
The investment holding company had entered into an agreement on Monday to acquire Songmart Holdings for an aggregate consideration of S$36 million. This follows a term sheet signed in April for the proposed acquisition.
 
In an interview with The Business Times on Monday, Mercurius chairman and chief executive officer Chang Wei Lu said in Mandarin that amid the Covid-19 pandemic, it was decided that the grocery business was an essential service with huge demand.
 
" It' s an opportunity to go into a business that is sustainable in the long run, and provides that actual cash flow for us also," he added.
 
The target group is principally engaged in the business of trading foodstuff, groceries, sundry goods and daily necessities, as well as the operation of 12 mini-marts and convenience stores under the Songmart brand, and a premium supermarket under the Granville brand in Malaysia.
 
Mr Chang said the company is " laser-focused" on growing its key market of Malaysia, and plans to " aggressively expand" the store network in the next few years.
 
Beyond Malaysia, Mercurius is also planning to open Songmart and Granville stores in Singapore, Indonesia, Thailand and Vietnam, and to develop an online platform to complement their physical store strategy.
down it comes
goldenpiggy ( Date: 13-Jul-2021 14:05) Posted:
|
It' s something we have seen before, even if is a good news price goes up and then drops for a while as many take profit while they can.   Today after up 10% and now   -8% seems to be likely to recover, once the rush stops, as there seem to be good fundamentals in this stock.   But caution is needed... DYOD
ody2004 ( Date: 13-Jul-2021 14:44) Posted:
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can swing either way.. big gap at 90...
Looks like fake queue. Price still hovering around 89 - 90.. Price action don' t look good. I will SL if 88 breaks.
eric998 ( Date: 13-Jul-2021 14:13) Posted:
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88 queue for shortists to cover or fake queue?
What??? 92 coming??? Heh heh
one mouth sell down at 89... more may come at 88.
Feels a little too early for a short ride now. Lets see! Dyodd.
goldenpiggy ( Date: 13-Jul-2021 13:21) Posted:
|
Songmart Cash & Carry Sdn Bhd is based in Malaysia. The head office is in Ulu Tiram. The company operates in the Retail Trade industry. It was incorporated on December 31, 2002. There was a net sales revenue drop of 21.6% reported in Songmart Cash & Carry Sdn Bhd&rsquo s latest financial highlights for 2019. There was a total negative growth of 4.14% in Songmart Cash & Carry Sdn Bhd&rsquo s total assets over the same period. The net profit margin of Songmart Cash & Carry Sdn Bhd decreased by 0.53% in 2019.
Anyone has the latest financial report?
DYODD
Anyone has the latest financial report?
DYODD
Mercurius down 9.3% after spiking 8.2% in early trade
Shares of Catalist-listed Mercurius Capital Investment have fallen after it spiked in early trade on Tuesday.The shares rose to 10.5 Singapore cents as at 9am on Tuesday, up 0.8 cent or 8.2 per cent, before falling to an intraday low of 8.8 cents at 11.31am, down 0.9 cent or 9.3 per cent.
No married deals were recorded according to ShareInvestor data.
At 11.31am, Mercurius was also the most actively traded counter by volume, with a total of 66.1 million shares changing hands.
It had resumed trading after announcing on Monday that it would be diversifying into the grocery business, with an ambition to grow into a network of over 500 stores across the region over the next three years.
The investment holding company had entered into an agreement on Monday to acquire Songmart Holdings for an aggregate consideration of S$36 million. This follows a term sheet signed in April for the proposed acquisition.
 
not too sure if they will. Looks to me that BBs covering already. and then getting ready for anohter short session. I am choosing to hopefully ride with them. Dyodd. 
ody2004 ( Date: 13-Jul-2021 13:18) Posted:
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Good for you.. this BB can eat eat eat all the way
odebrecht ( Date: 13-Jul-2021 13:11) Posted:
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seeing the same pattern as earlier at 90/91....
It appears that the morning dump has shaked out many holders. I re-entered small lot at 89.. 
hoping it comes to that :)
easywin ( Date: 13-Jul-2021 11:45) Posted:
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yes, dont paly play with BBs.. here also many BBs.. now i waiting for my Rex to clear 205... if lucky can contra off those bought last thursday.. if not may pick up and hold.. not much.. 100000shares.. hope BBs give some kopi money..
ody2004 ( Date: 13-Jul-2021 11:54) Posted:
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