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

Tuesday, December 7, 2010

KNM confirms deal with Lukoil Uzbekistan

KNM Group Bhd yesterday confirmed that its unit, KNM Process Systems Sdn Bhd, had formally executed the contract agreement in Tashkent, Uzbekistan, with Lukoil Uzbekistan Operating Company.

The deal is for the supply of technical documentation, equipment and services for the development of gas condensate fields amounting to about RM680 million.

Read more: KNM confirms deal with Lukoil Uzbekistan

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