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

Friday, August 19, 2011

MRT Co takes over

Putrajaya: The Cabinet has set up MRT Co, a company under the Minister of Finance Inc, to directly oversee the multi-billion ringgit Klang Valley MY Rapid Transit (MRT) project.

MRT Co will officially become MY Rapid Transit project and asset owner, currently held by Syarikat Prasarana Negara Bhd, from September 1.

The government will name a local as MRT Co's chief executive officer at a later date, according to a statement by Performance Management and Delivery Unit (Pemandu) yesterday.

"MRT Co's immediate and critical priority is to focus on ensuring the smooth implementation of the Sungai Buloh-Kajang Line," Pemandu said.

With MRT Co in the picture, Prasarana will now be able to focus on its role to ensure an efficient and reliable public transportation service in the Klang Valley, it added.

Read more: MRT Co takes over

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