Borneo Aqua, Jadi, Kia Lim, Perisai, Sumatec, Komarkcorp

TheEdge Wed, Jan 17, 2018 01:18pm - 6 years View Original


KUALA LUMPUR (Jan 17): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed five with positive momentum and one with negative momentum.

Stocks with positive momentum were:

Borneo Aqua Harvest Bhd – up 0.5 sen at 83.5 sen

Jadi Imaging Holdings Bhd – down 0.5 sen at 7.5 sen

Kia Lim Bhd – down one sen at 42 sen

Perisai Petroleum Teknologi Bhd – down two sen at seven sen

Sumatec Resources Bhd – down 2.5 sen at 9.5 sen

The stock with negative momentum was:

Komarkcorp Bhd – up 0.5 sen sen at 21.5 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.






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