KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 billion. ...
Cepatwawasan
Group Bhd (-ve)
SHARES
in Cepatwawasan Group Bhd (fundamental: 0.7/3, valuation: 2/3), which triggered
our momentum algorithm yesterday for the second time this year, closed up two
sen or 2.55% at 80.5 sen.
It
saw 1.28 million shares traded, versus its 200-day average volume of 120,745.
The
oil palm planter’s share price spiked recently, after it announced a 187% jump
in net profit to RM10.4 million for the third quarter ended Sept 30, 2016
(3QFY16), from RM3.62 million a year earlier, on higher sales volume and better
crude palm oil and palm kernel prices. Revenue rose 8% year-on-year to RM79.08
million.
Subsequently,
its shares gained 9.5 sen or 14% to close at 78.5 sen on Oct 21, from 69 sen on
Oct 20.
Cepatwawasan
is trading at 0.52 times its net book value.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-cepatwawasan-group
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