Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, January 27, 2010

Mulpha Seeks Approval To Start Talks To Buy Stake In EON Capital - Report

KUALA LUMPUR (Dow Jones)--Malaysian property group Mulpha International Bhd. (3905.KU) is seeking Bank Negara'a approval to start talks to buy a stake in EON Capital, the Star newspaper reported Wednesday.

"Mulpha a few days ago sought the central bank's permission to speak to EON Capital's shareholders to buy a stake in the bank. The decision is pending," the daily said, citing an unnamed source.

According to the daily, Mulpha may be interested in a 20% stake in EON Capital, a subject of takeover by Hong Leong Bank Bhd. (5819.KU), which is offering MYR7.10 a share for EON Capital.

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