PJ DEVELOPMENT HOLDINGS BERHAD (PJDEV) WC set another new 52 week-high of 0.505 yesterday. Previous high was created last week at 0.49.
The price has been going up steadily since September 2013. Yesterday the counter open at 0.49 from previous day or last Friday close of 0.485, gaining 0.05 and was traded in between 0.49 and 0.505. It closed at 0.495 up by 1 sen with 29,711 lots traded.
The consistency of the price appreciation could be due to rumor of merger between PJDEV with OSK and also recently selling of their building in KL area which will increase the valuation of their shares price.
Meanwhile, its mother share PJDEV also have same upward trend. Yesterday close at 1.40 up 1 sen from previous close. Its 52 week high was 1.41, also created last week.
Hopefully, both will create more new high.......
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