K. Seng Seng, NetX, Theta, Cocoaland, Globaltec, Goldis, Industronics, JCY, ManagePay, South Malaysia, Sunzen

TheEdge Thu, May 04, 2017 01:31pm - 6 years View Original


KUALA LUMPUR (May 4): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and eight with negative momentum.

Stocks with positive momentum were:

K. Seng Seng Corp Bhd – up 1.5 sen at 53 sen

NetX Holdings Bhd – up 1 sen at 5 sen

Theta Edge Bhd – up 6 sen at 46.5 sen

Stocks with negative momentum were:

Cocoaland Holdings Bhd – down 1 sen at RM2.68

Globaltec Formation Bhd – up 1 sen at 6.5 sen

Goldis Bhd – up 1 sen at RM2.90

Industronics Bhd – up 1 sen at 39 sen

JCY International Bhd – up 1.5 sen at 64 sen

ManagePay Systems Bhd – up 0.5 sen at 24 sen

South Malaysia Industries Bhd – down 1.5 sen at 26.5 sen

Sunzen Biotech Bhd – up 2.5 sen at 39 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

7205 0.000
BURSA 7.460
GLOTEC 0.515
IGBB 2.430
ITRONIC 0.055
JCY 0.255
MPAY 0.120
NETX 0.130
SMI 0.570
SUNZEN 0.320
THETA 1.170

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