Asdion, G Neptune, Golden Pharos, GSB, Ideal United Bintang

TheEdge Fri, Jun 08, 2018 01:05pm - 5 years View Original


KUALA LUMPUR (June 8): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. All five stocks displayed negative momentum.

The stocks were:

Asdion Bhd - up 1 sen at 30 sen 

G Neptune Bhd - up 1.5 at 9.5 sen 

Golden Pharos Bhd - up 2 sen at 29 sen 

GSB Group Bhd - up 2.5 sen at 19.5 sen 

Ideal United Bintang International Bhd - up 4 sen at 87.5 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.






Related Stocks

ASDION 0.085
BURSA 7.450
GPHAROS 0.505
IDEAL 3.300
KPPROP 0.770
SSB8 0.345

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