Stock Movement - 31 DEC 2009: Ascendas Reit continues to surge higher at high volume. (Close $2.220, +0.130)

Following the previous report last week: Stock Movement - Ascendas Reit is a $2.00 stock again, Ascendas Reit continues to surge higher at high volume in the last trading day of 2009. The stock closes at $2.220, and at +0.130 over the closing price of the previous day, it is a jump of almost 6.2%. Trading volume was in the top 20 list at 13,058,000 units, even higher than the 11,359,000 units on Dec 23. Not to forget that this was achieved on a half-day trading day.

Author's Word
Not only was Ascendas Reit able to maintain above $2 level for the past few days since Dec 23, it has managed to close at the highest stock price for the whole year at $2.22. We do not know how much of this was due to year end window dressing, but it is definitely a significant milestone for this stock.