Here's some of the possible reason:
1. The Company plan to split its stock from 1 to 10 may materialized very soon in November. Check the Company announcement, today already 31-Oct, so it may not be long for the final date to be announced. Usually, after stock split, share price may react due to higher liquidity.
2. Investor start to recognize the high dividend of the Company from about 6% to 7% yield.
3. Window dressing in the last month of the day.
My guess... Reason 1 should be the case. Let's see whether tomorrow any announcement from DIGI.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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