Shares & Derivatives
SUPER GROUP STOCK: SAM GOI EFFECT OR PRIVATISED SOON?
By Singapore Stocks Investing (SSI)  •  October 6, 2016
Today, Super Group rallied by an impressive 12.5% to reach a high of $0.90, a price level which was not seen since April 2016. And the rally was on an impressive 13.9 million volume, which was exactly ten times the trading volume of Super Group yesterday. This usual trading volume prompted an enquiry by the SGX and Super Group replied to the effect that it did not know what might have caused the rally in its stock price today. From the technical trading charts, the price movement of Super Group today has transcended up beyond the 200-days moving average and if the rally thereafter is sustainable, a new uptrend may ensue for this stock. Mr Sam Goi, the billionaire “Popiah King” has a 10.28% in Super Group and it is widely known that investors often look at the investing activities of Mr Sam Goi and follow ......
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By Singapore Stocks Investing (SSI)
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