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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Stocks with Momentum: Jerasia Capital Bhd

Jerasia Capital Bhd (+ve)

SHARES in Jerasia Capital Bhd (fundamental: 0.35/3, valuation: 1.1/3), which gained one sen or 1.49% to close at 68 sen yesterday, triggered our momentum algorithm for the first time this month.
One million shares were exchanged, compared with the stock’s 200-day average volume of 89,621.
The company’s share price has risen significantly since last week, jumping 16.5 sen or 32% to close at 67.5 sen on Oct 19, from its closing of 51 sen on Oct 18.
The jump triggered an unusual market activity query from the bourse regulator, though Jerasia said it wasn’t aware of the reason behind the sudden gain.
For the second quarter ended Sept 30, 2015 (2QFY16), the company’s net profit rose 32% y-o-y to RM1.28 million, as revenue rose 18% to RM94.92 million.
Jerasia is trading at 0.39 times its net book value.

Source: http://www.theedgemarkets.com/my/article/stock-momentum-jerasia-capital-1
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