ON Wednesday a remisier got a call from a client who has not bought or sold shares over the last 10 years. The client, who is a metal trader, bought stocks in XOX Bhd, a company that registered losses in five out of the last eight years.
When the remisier enquired on the reason for buying the stock, the metal trader said he got a tip from a “reliable friend”. True enough, on Friday XOX was trading at high volume. But it finally closed the day almost unchanged – only half sen higher at 5 sen.
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