Tuesday, May 17, 2011

CapitaMalls Asia: Quiet resilience.

In generally weak conditions, CapitaMalls Asia's share price has shown a quiet resilience. It closed at $1.70 in the last session, down by only 1c, after being sold down to as low as $1.67. Volume was relatively light. This is important if we compare the volume to that of 6 May 2011 when price reached a low of $1.65 which saw trading volume many times higher.

This tells me that sellers are less