Stock Movement - Starhill Global Reit in Top 10 Volume Today

Starhill Global Reit is within the top 10 counters by volume today. It closes at 0.510, -0.005 from the previous trading day. Volume was unusually high at about 23,109,000 units, almost 10 times its 52 wk average volume of 2,319,000 units (source sharejunction). For most part of the afternoon the buy - sell queues were maintained at 0.505 - 0.510, but there was no single transaction at 0.505.

Author's Note
Since the Reit's announcement of acquisition of properties in the middle of Nov 2009, its stock price has not been performing well for the past few weeks. For a few times it has went up to 0.530 - 0.540 level, only to be sold down to the 0.510 - 0.515 level again. Perhaps market is waiting for clearer details of its funding for the acquisition of the Malaysian properties, Starhill Gallery and Lot 10, before the price is stabilized.