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Wednesday 25 July 2012

The performance of IHH on the first day

IHH has been successfully listed to main market on 25th of July 2012 (Wednesday) with total volume of 390 million shares traded.

The chart below gives a clear picture of how IHH perform today where huge volume traded in the morning session.


Following shows how IHH (with IPO priced at RM 2.80) perform on 1st day.
Open: RM 3.07 (09.64% premium)
High:   RM 3.19 (13.93% premium)
Low:   RM 3.01 (07.50% premium)
Close: RM 3.09 (10.36% premium)

Based on IPO price of RM 2.80, the profit within the range of 7.5% to 13.93% is consider not bad with unstable global market recently especially EU. Hence, the expected target of 10% is reached.  Cheer up IHH!

Despite the listing of IHH today, another good news from bursa announced that IHH gonna join KLCI soon.

IHH HEALTHCARE BERHAD TO JOIN FTSE BURSA MALAYSIA KLCI

source from bursa

Bursa Malaysia has announced that IHH will replace MMCCORP in the FTSE Bursa Malaysia KLCI.

IHH will be included as a constituent of the KLCI after its public listing rather than at the regular December semi-annual review, as its market capitalisation is significantly large.

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