Short position

CGB’s volatile share price

Central Global Bhd (CGB) may be little-known but its stock price has a tendency to come to life periodically, albeit in fits and starts. In the past 12 months, its share price has gone up from 90 sen a piece to a high of RM2.70 last June before losing almost all of that rise by the end of the year.

This week, the stock momentarily came back to life, climbing from RM1.02 on Monday to hit a high of RM1.24 on Wednesday.