Thursday 28 January 2016

Burmese Business - part 4

It still never ceases to amaze me how quickly stocks fall in and out of fashion with investors, traders and market participants.

Indeed, the healthcare/ biotech sector has taken another serious pasting today following worse-than-expected figures from Roche, the Swiss pharmaceutical giant. So, AstraZeneca is down 3pc today while Shire has fallen almost 5pc.

However, there is one stock that has quiet literally reversed a rout of its share price: MySQUAR.

Shares in the Burmese social media platform are up 5pc today and have leapt 100pc since the beginning of the year to close at around 10p.

When I got in touch with the company to ask what is causing the share price gain and see whether MySQUAR needs to issue a statement, an insider said: "No - the market has just finally started to read the RNS's/announcements and worked out how well the company is doing".

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