AFTER setting a new record of RM2.11 on Aug 2, 2012, Guan Chong Bhd
(GCB, 5102) shares reversed on correction owing to apparent profit-taking.
It was a typical correction phase initially, but turned ugly later, as persistent liquidation pressure hurt sentiment, knocking down prices to a near five-year low of 72 sen on Aug 18 last year.
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