Asdion, Eastland, Ire-Tex, Panpages

TheEdge Mon, Apr 23, 2018 01:06pm - 2 years ago

KUALA LUMPUR (April 23): highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum and two showed negative momentum.

Stocks with positive momentum were:

Asdion Bhd – up 3 sen at 41 sen

Ire-Tex Corp Bhd – up 2 sen at 24 sen

Stocks with negative momentum were:

Eastland Equity Bhd – up 3 sen at 22 sen

PanPages Bhd – up one sen at 28 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.

Related Stocks

ASDION 0.475
BURSA 8.880
IQZAN 0.105


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