Fajar hourly price trend likely to climb gradually

SHARE prices on Bursa Malaysia once again slipped into consolidation yesterday. Declining counters outpaced advancing counters by 352 to 236.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell from its intra-day high of 1,270.05 points to its intra-day low of 1,264.76 yesterday. It closed at 1,269.03, giving a day-on-day loss of 1.78 points, or 0.14 per cent.

Fajarbaru Builder Group Bhd (Fajar) staged a technical rebound yesterday. Its daily price trend closed at RM1.08, giving a day-on-day gain of 8 sen, or 8.00 per cent.

Chartwise, Fajar's daily price trend fell from its high of RM1.29 on October 15 all the way down to its intra-day high of 99 sen on December 16, giving a total loss of 30 sen, or 23.26 per cent.
Its hourly price trend staged a technical breakout of its intermediate-term downtrend (B3:B4) yesterday. It continued to stay above its intermediate-term downtrend at the market close yesterday.

Fajar's hourly fast Moving Average Convergence Divergence indicator (MACD) continued to stay above its hourly slow MACD yesterday. Both of its hourly fast and slow MACDs continued to stay above their respective neutral reference lines.

Fajar's hourly price trend is likely to embark on a gradual climb over its near-term perspectives.

Businesstimes

7047 FAJAR FAJARBARU BUILDER GRP BHD

Notice of Shares Buy Back - Immediate Announcement

Date of Buy Back : 17/12/2009 Description of Shares Purchased : Ordinary Shares of RM0.50 each No. of Shares Purchased : 600,000 shares Minimum Price Paid For Each Share Purchased : RM 1.050 Maximum Price Paid For Each Share Purchased : RM 1.070 Total Consideration Paid : RM 637,662.80 No. of Shares Purchased Retained in Treasury : 600,000 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 1,598,170 shares Adjusted Issued Capital After Cancellation : 0 Date Lodged With Registrar of Company : Lodged By : Submitted By: TAN KOK AUN / WONG WAI YIN

17/12/2009 05:54 PM