N2N, Excel Force , Sino Hua-An , Kein Hing, Leon Fuat, Luxchem, Permaju, Perak Transit
KUALA LUMPUR (Sept 11): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock showed positive momentum while seven showed negative momentum.
The stock with positive momentum was:
N2N Connect Bhd - down 0.5 sen at 95.5 sen
Stocks with negative momentum were:
Excel Force MSC Bhd – up 9 sen at RM1.29
Sino Hua-An International Bhd – up 1 sen at 24.5 sen
Kein Hing International Bhd – up 1 sen at 80 sen
Leon Fuat Bhd – up 4.5 sen at 86.5 sen
Luxchem Corp Bhd – down 3.5 sen at 81 sen
Permaju Industries Bhd – up 1.5 sen at 40 sen
Perak Transit Bhd – up 1.5 sen at 40.5 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 |
EFORCE | 0.360 |
KEINHIN | 1.280 |
LEONFB | 0.525 |
LUXCHEM | 0.535 |
N2N | 0.490 |
PERMAJU | 0.050 |
PTRANS | 0.785 |
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