KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Bio Osmo Bhd (+ve)
LAST Friday, shares in Bio Osmo Bhd (fundamental: 1.85/3, valuation: 0.3/3) triggered our momentum algorithm for the first time. The counter closed 1 sen or 20% higher at 6 sen, with a total volume of 5.1 million shares. Its 200-day average volume was 409,516.
The loss-making bottled water manufacturer recently completed its placement exercise to fund its diversification into hotel management business, via a subscription of a 75% stake in Intra Magnum Sdn Bhd (IMSB) for RM18.75 million. The balance 25% will be held by Impiana Sdn Bhd. IMSB is developing the Impiana Resort & Residences Cherating in Kuantan, and has entered into three hospitality management agreements with Impiana Cherating Sdn Bhd, Impiana Hotel Ipoh Sdn Bhd and Impiana Tioman Sdn Bhd.
Bio Osmo’s stock currently trades at 1.5 times its net book value. Bio Osmo did not pay dividends for the financial year ended Dec 31, 2014.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-bio-osmo?type=Stock%20with%20Momentum

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