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.
RGB International Bhd (-ve)
Shares in RGB International Bhd (fundamental: 2.5/3, valuation: 1.8/3) saw some 54.6 million shares done last Friday, compared to its 200-day average volume of 6.91 million shares. It closed up 1 sen or 5% at 21 sen.
Since early October, RGB’s share price has been trending upward, gaining 4 sen or 23% since its close at 17 sen on Oct 4.
In its second quarter ended June 30, 2016, RGB reported a net profit of RM6.98 million, up 6% from RM6.56 million in the previous year’s corresponding quarter. Revenue gained 16% to RM58 million, from RM49.88 million.
Cumulatively, net profit for the first half of its financial year was 19% higher at RM12.91 million, compared with RM10.89 million in the previous year, while revenue climbed 29% year-on-year to RM114.09 million.
RGB’s price-to-net-asset-value stood at 1.51 times. It paid 1 sen per share in dividends for its financial year ended Dec 31, 2015.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-rgb-international-0?type=Stock%20with%20Momentum
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