While away on holiday in China, my Dad set me the task of monitoring the stock exchange in Malaysia, otherwise known as Bursa or the KLSE. I did my due diligence and “read” the business section of The Star newspapers and saved the articles on the companies he’s been keeping an eye on.
PPB Oil merger with Wilmar has been approved by the shareholders. This little piece of news caused quite a stir in the market driving the price of PPB shares up RM3.00 over one week!
Genting and Resorts had a share split which also resulted in a rise of share prices. In my bid to understand more about the stock market, I asked the hubby to explain what it meant to me. He chose a rather inopportune time to do so as I was breastfeeding the baby because during breastfeeding, the body releases a hormone called prolactin which has the effect of making Mommy feel drowsy.
In my semi-drugged state, the take home message I got from that mini lecture from the hubby was that a share split should not have any effect on the overall company share prices. If that is correct, which Wikipedia concurs with, can I then conclude that the share prices of Genting and Resorts were already on the up and the share split had nothing to do with the price increase?
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