Ekovest, Elsoft, GFM, Insas, Jag, Leesk, Luster, Malton

TheEdge Wed, Jan 18, 2017 01:10pm - 7 years View Original


KUALA LUMPUR (Jan 18): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.

Stock with positive momentum was:

Malton Bhd – up 3 sen or 4.35% at 72 sen
Stocks with negative momentum were:
Ekovest Bhd – up 9 sen or 3.57% at RM2.61
Elsoft Research Bhd – up 4 sen or 2.72% at RM1.51
GFM Services Bhd – down 1 sen or 1.98% at 49.5 sen
Insas Bhd – up 1 sen or 1.29% at 78.5 sen
JAG Bhd – up 0.5 sen or 4.17% at 12.5 sen
Lee Swee Kiat Group Bhd – unchanged at 31 sen
Luster Industries Bhd – up 0.5 sen or 5.88% at 9 sen
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.

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
EKOVEST 0.490
ELSOFT 0.520
GFM 0.390
INSAS 1.040
JAG 0.305
LEESK 0.900
MALTON 0.410

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