Frontken, Pasdec, London Biscuits, RGB, Amcorp, LPI

TheEdge Mon, Aug 06, 2018 01:11pm - 5 years View Original


KUALA LUMPUR (Aug 6): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks displayed positive momentum while another three showed negative momentum.

Stocks with positive momentum were:

Frontken Corp Bhd - up three sen at 59 sen

Pasdec Holdings Bhd - up 1.5 sen at 54 sen

London Biscuits Bhd - up one sen at 56 sen

Stocks with negative momentum were:

RGB International Bhd - up one sen at 29.5 sen

Amcorp Properties Bhd - up 0.5 sen at 72 sen

LPI Capital Bhd - up four sen at RM16.90

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

1007 0.000
7126 0.000
BURSA 7.460
FRONTKN 3.860
LPI 12.300
PASDEC 0.300
RGB 0.305

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