CMC

16/05/2011 07:51

Again a momentum scrip is CMC.  Those who are high risk taker, they can play for it for a short period even for minutes or hours as it is likely most ingredients of  good news in the share price and now the valuation factors will come to play.

 

Shares of CMC have gained sharply with large volume in the counter after the IT consulting and software company offered free shares and a hefty dividend to its shareholders.  It is obvious that speculators have turned active in the shares to gain from the momentum triggered by the bonus announcement. as only 5.3% of the total traded quantity was actually delivery based buying.