Being removed from the MSCI Malaysia Small Cap Index likely ...
Being removed from the MSCI Malaysia Small Cap Index likely triggered institutional selling, as many funds track MSCI indices and would have had to rebalance their holdings.
On top of that, Hibiscus was already facing short-selling pressure and operational challenges (like the Oman drilling issue and non-commercial oil discovery). The index removal probably compounded the selloff, leading to that RM800 million market cap drop.
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May 6 20:45
S&P 500's Put/Call Ratio Hits 5-Year Low: Fear Fades and Bottom Near?
RM10 ZhapFan : this company becomjng fishy
维克托 : QR will be released soon
顺心大吉 维克托 : What impact does the QR release have.
维克托 顺心大吉 : Last quarter's performance declined overall, attributed to the drop in Crude Oil Product prices and the strengthening of the Ringgit. Now, with the Ringgit depreciating and Crude Oil Product prices stabilizing, let's see what the performance report has to say.
顺心大吉 维克托 : Understood, thank you.
维克托 顺心大吉 : The US dollar has risen, and international oil prices are stable in the range of $70 to $80. The latest performance report may spark a round of speculation on performance topics. However, during the session, seeing the bears desperately trying to lower prices to suppress stock prices, the bullish strength is minimal, and it is likely that the traders currently have no intention of raising prices.
维克托 : The stock price may have to be pressed down to 1.6.
田東正 : Get ready with Cash, it will soon drop to 1.60 Ringgit!
顺心大吉 田東正 : The bullets are finished, that's how it is, if they fall, they fall.
维克托 : It's intense; the Malaysian stock market is quite unusual, as many fundamentally stable stocks have suddenly plummeted... it's all due to foreign capital causing a sell-off; how long can local Institutions hold out?