Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
Versatile
Creative Bhd (-ve)
SHARES
in Versatile Creative Bhd (fundamental: 0/3, valuation: 0.55/3), which
triggered our momentum algorithm yesterday, slipped one sen or 0.76% to RM1.31
after 2.61 million shares were done; in contrast, its 200-day average volume
was only 445,508.5 shares.
In
May, the loss-making company secured a contract to build a halal vaccine plant
along with a pharmaceutical plant and research centre in Bandar Enstek
Industrial Park, Negeri Sembilan, for US$69.3 million.
The
contract was awarded by Oriental Mace Sdn Bhd, which is part of Oriental Mace
Group that is led by Professor Dr Wong Kong Yew as chief executive officer.
On
Aug 29, it was revealed that Wong had inked an agreement with Versatile
executive chairman Datuk Lee Kwee Hiang to buy the latter’s 18.33% stake in
Versatile at RM17.21 million or 80 sen per share.
Versatile
is trading at 3.72 times its net book value. No dividends were paid out for the
financial year ended March 31, 2016.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-versatile-creative-0
Comments
Post a Comment