Paragon Union Bhd: Recent Stock Performance and Market Overview

On July 22, 2025, Paragon Union Bhd (KL:PARAGON), a Malaysian company specializing in the production and distribution of electronic and household appliances, experienced a slight decline in its stock price. The company’s shares closed at RM2.80, down by five sen or 1.75%, as reported by The Edge Malaysia. This movement places Paragon Union among the stocks with negative momentum on Bursa Malaysia for the day.

Stock Momentum Analysis

The momentum analysis, conducted by The Edge Malaysia, identified six stocks with notable movements at the afternoon close on July 22, 2025. Paragon Union was one of the three stocks showing negative momentum. The other stocks with negative momentum included FACB Industries Incorporated Bhd (KL:FACBIND), which saw a 9.59% drop, and Globaltec Formation Bhd (KL:GLOTEC), which experienced a slight increase of 0.95%. Conversely, stocks with positive momentum were Green Packet Bhd (KL:GPACKET), Aneka Jaringan Holdings Bhd (KL:ANEKA), and Success Transformer Corporation Bhd (KL:SUCCESS), with the latter remaining unchanged.

The momentum list is generated using a proprietary algorithm that highlights stocks with significant trading volume and price movements. It is important to note that this list is not a recommendation to buy or sell but rather an indicator of current market trends.

Previous Day’s Performance

On July 21, 2025, Paragon Union also exhibited negative momentum, with its shares closing at RM2.81, down by five sen or 1.75%. This was part of a broader trend where five out of seven highlighted stocks showed negative momentum. The stocks with positive momentum on that day were NexG Bhd (KL:NEXG) and Apex Healthcare Bhd (KL:AHEALTH).

Company Overview

Paragon Union Bhd has been a key player in the Malaysian market for over five decades, offering a range of electronic and household appliances. As of July 20, 2025, the company’s close price was RM2.85, with a 52-week high of RM3.73 and a low of RM1.80. The market capitalization stood at 288,190,000 MYR, and the price-to-earnings ratio was reported at -115, indicating challenges in profitability.

Conclusion

While Paragon Union Bhd has shown resilience over the years, recent stock performance indicates a period of negative momentum. Investors and market watchers will be keen to observe future developments and any strategic moves by the company to enhance its market position and financial performance.