This article first appeared in The Edge Financial Daily, on September 21, 2016. Pensonic Bhd (-ve)SHARES in Pensonic Bhd (fundamental: 0.8/3, valuation: 2.4/3), which triggered our momentum algorithm yesterday for the second time this year, closed four sen or 5.71% higher at 74 sen yesterday. Some 2.38 million shares were traded, a significant jump from the average of 460,576 shares traded in the last 200 days. Pensonic’s share price has been steadily climbing since the 50 sen apiece it was trading at on Sept 21, 2015. At the current share price, Pensonic is trading at 0.88 times its book value.

Source: The Edge Markets September 21, 2016 02:37 UTC