KUALA LUMPUR, Feb 17 (Bernama) -- Bursa Malaysia’s main index finished lower today as selling by foreign funds persisted, amid the better performance in most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.84 points, or 0.55 per cent, to 1,582.76 compared with last Friday’s close of 1,591.60. The benchmark index opened 0.88 of-a-point higher at 1,592.48, marking its intraday high, and subsequently slid to a low of 1,580.94 during mid-afternoon session. In the broader market, losers thumped gainers 715 to 313, while 465 counters were unchanged, 815 untraded and 10 suspended. Turnover shrank to 2.98 billion units worth RM1.95 billion from 3.27 billion units worth RM2.40 billion last Friday.
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
Comments
Post a Comment