Thursday, December 27, 2012
Rowsley / Informatics
Rowsley / Informatics: The Business Times highlights both penny stocks are back in limelight, as market turnover averages 25 cts per unit on high unit volume of 3.3 b. Both stocks are connected to prominent local businessman Peter Lim. Recall, Rowsley last week announced two deals aimed at transforming the co into a major property player in Johor's Iskandar region, and since then its share price - which started rising days before the announcement - has skyrocketed. In yday's session, the counter ended 19% higher at 31 cts with 242 m shares traded. Informatics, in the meantime, shot up 49% to 14.3 cts with 309 m done.