(From Business Times (Malaysia))
LAST week, share prices on the Kuala Lumpur Stock Exchange (KLSE) closed moderately lower on profit-taking and position-squaring liquidations ahead of the long weekend holidays.
As it turned out, the widely-expected Merdeka rally fizzled out last Thursday afternoon. The three second-board counters' (Kimble, Emivest and Kaipeng) limit-down correction sent shivers across the second board.
Apart from the oil and gas stocks on the second board, Kimble, Emivest and Kaipeng were the recent stock market darlings when their price trends continued to churn to dazzling highs into their grossly overbought positions.