Quick take: Vivocom continues to slide, GETS slips


KUALA LUMPUR: Shares of Vivocom and GETS Global fell in mid-morning trade on Thursday as the stocks came under selling pressure after the recent rally.

At 10.40am, Vivocom fell 11 sen to 74.5 sen with 259.58 million shares done. This is the lowest since Nov 4 and off the recent high of RM1.92 on Nov 19.

GETS also lost 11 sen to RM2.85 with 9.64 million shares. It had surged to a high of RM4 on Nov 17.

The FBM KLCI fell 0.83 of a point or 0.05% to 1,596.75. Turnover was 2.52 million shares done valued at RM1.21bil. There were 436 gainers, 423 losers and 468 counters unchanged.

GETS recent price surge in the absence of any fresh news and its unusual market activity had seen Bursa Securities issuing a caution to investors.

GETS provides public transport services consisting express and stage bus operations; and the assembly, sale and after-sale of buses.

As for Vivocom, its core activities comprise of construction, aluminium design and fabrication, and telecommunication engineering services.

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GETS Global , Vivocom , Bursa Securities

   

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