Yesterday (Jul 23), I sold off 10,000 Hai Leck shares at its intraday high of S$0.265 per share. Today, the price closed at S$0.25 unchanged from yesterday's.
I understand one of the reason behind the unusually high volume in the shares is because of a shareholder buying substantial amount of shares and increasing his ownership by 4.92 per cent all in a single day - Yesterday. The increase in share ownership is part of a married deal and I see it as a possible one-time increase.
Yesterday's high volume has increased interest on this stock but I am not sure how long will it last, given Hai Leck's corporate website does not give much information to investors.
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