Home THE DAILY EDGE Business Jardine Strategic down 3.9%; Lacks liquidity: Analyst
Jardine Strategic down 3.9%; Lacks liquidity: Analyst PDF

Tags: Jardine Strategic | Jardine Strategic Hldgs | Jardine Strategic Holdings

Monday, 05 November 2012 15:36
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Jardine Strategic is down 3.9% at US$34.86 ($42.66), while Jardine Matheson is off 1.7% at US$60. Several analysts say they aren’t aware of a specific driver for the declines.

“Specifically Jardine Strategic, and to a slightly lesser degree, Jardine Matheson, are both quite illiquid stocks compared with their size. That’s why you get these large moves,” an analyst says.

The Oct 17 low at US$33.90 may offer a near-term support for JS, while JM may find support around Oct 18’s US$57.70 low. Both stocks are still up around 26% year-to-date.

Last Updated on Monday, 05 November 2012 15:37