AppAsia, Bumi Armada, Cuscapi, Dominant, Ni Hsin, PMB, Theta, Triplc

TheEdge Wed, Nov 01, 2017 01:33pm - 6 years View Original


KUALA LUMPUR (Nov 1): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. All eight stocks displayed negative momentum. 

The stocks with negative momentum were:

AppAsia Bhd - up 1 sen at 40 sen

Bumi Armada Bhd - up 1.5 sen at 74.5 sen

Cuscapi Bhd - up 1 sen at 41.5 sen

Dominant Enterprise Bhd – up 2 sen at RM1.34 

Ni Hsin Resources Bhd - unchanged at 30 sen

PMB Technology Bhd - up 39 sen at RM3.74

Theta Edge Bhd - up 5 sen at 62 sen

Triplc Bhd - up 6 sen at RM2.24

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

APPASIA 0.085
ARMADA 0.570
BURSA 7.460
CUSCAPI 0.170
DOMINAN 0.745
NIHSIN 0.110
PEB 1.280
PMBTECH 2.670
THETA 1.310

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