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Stock Weekly: Miyoshi (M03:3.60c) lifts 2.9% on low volume

Feb 05, 2021 - News Bites - Asia: Singapore
Board and Executive Moves-Mergers and Acquisitions


Miyoshi Limited (SI:M03), Singapore's 13th largest Machinery company by market cap, has increased 0.10c (or 2.9%) in the past week to close at 3.60c. Compared with the Straits Times Index which rose 4.6 points (or 0.2%) in the week, this represented a relative price increase of 2.7%.

In the past week the market cap has risen by SGD609,070 ($455,132) to SGD21.9 million.

The volume was 0.2 times average trading per week of 15 million shares.

Friday's price upMiyoshi climbs 5.9% on rising relative strengthMiyoshi Limited climbed 0.20c (5.9%) from Thursday's close of 3.60c. Compared with the Straits Times Index which rose 1.5 points (0.05%) in the day, the relative price increase was 5.8%. Today the stock traded at its four-day high of 3.60c. In the Singapore market, the stock's relative price strength percentile is rising at 62 for 6 months, 68 for 3 months, and 79 for 30 days. A price rise combined with a rising relative strength is a bullish signal. There were 1,200,000 shares worth SGD43,200 ($32,282) traded today. The volume was 0.4 times the average daily trading volume of 3 million shares.Bullish Turning Po...