KUALA LUMPUR (Sept 20): AllianceDBS Research said Bintai Kinden Corporation Bhd (Bintai) was trading sideways and that Bintai had on Sept 19 traded higher to 21.5 sen before closing at the day’s low of 20.5 sen (up half a sen or 2.50%). In its evening edition yesterday, the research house said Bintai continued to fluctuate around the 20-day and 50-day moving average lines in the last 7 days. AllianceDBS Research stock volume traded on Sept 19 was 20.25 million shares compared to the 3-month average volume of 310,000 shares. The research house said that indicators wise, the MACD was marginally above the 9-day moving average line with a buy signal just being emitted. It said the relative strength index indicated that the stock was currently in a neutral zone.

Source: The Edge Markets September 19, 2016 22:41 UTC