Carimin, EA Technique, GSB, Lion Forest, Muar Ban Lee, Scomi, Sterling, Trive, Yong Tai

TheEdge Mon, Sep 25, 2017 01:14pm - 6 years View Original


KUALA LUMPUR (Sept 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and eight with negative momentum.

Stock with positive momentum was:

Carimin Petroleum Bhd – down three sen at 46.5 sen

Stocks with negative momentum were:

EA Technique (M) Bhd – up three sen at 54 sen   

GSB Group Bhd – down 0.5 sen at 11 sen

Lion Forest Industries Bhd – up 3.5 sen at 77 sen

Muar Ban Lee Group Bhd – up four sen at RM1.16

Scomi Group Bhd – down 0.5 sen at 18.5 sen   

Sterling Progress Bhd – up 0.5 sen at 20.5 senTrive Property Group Bhd – up one sen at 17 sen

Yong Tai Bhd – up five sen at RM1.61

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

7158 0.000
BURSA 7.460
CARIMIN 0.825
KPPROP 0.775
LIONPSIM 0.410
MBL 0.440
XOXNET 0.030
YONGTAI 0.250

Comments

Login to comment.