DGB, Key Alliance, Maxwell, Nova, South Malaysia Industries, Trive
KUALA LUMPUR (Oct 20): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. All six stocks displayed negative momentum.
The stocks with negative momentum were:
DGB Asia Bhd – unchanged at 9 sen
Key Alliance Group Bhd – up 0.5 sen at 16.5 sen
Maxwell International Holdings Bhd – up 0.5 sen at 2.5 sen
Nova MSC Bhd – up 0.5 sen at 9 sen
South Malaysia Industries Bhd – up 1 sen at 25.5 sen
Trive Property Group Bhd – up 4 sen at 24 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
Comments