KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
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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