YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

TheEdge Mon, Dec 11, 2023 02:04pm - 4 months View Original


KUALA LUMPUR (Dec 11): theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

The stocks with positive momentum were:

  • YTL Corporation Bhd — up 15 sen or 8.88% to RM1.84
  • KUB Malaysia Bhd — up 2.5 sen or 4.31% to 60.5 sen
  • RCE Capital Bhd — down six sen or 2.01% to RM2.93

The stocks with negative momentum were:

  • Engtex Group Bhd — up two sen or 2.74% to 75 sen
  • YTL Power International Bhd — up 10 sen or 4.13% to RM2.52

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.  

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.

The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.  

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.460
ENGTEX 0.930
KUB 0.655
RCECAP 2.810
YTLPOWR 4.420

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