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AWC, Gadang, Halex, Ho Hup, Jerasia, PCCS, Perdana, Prestariang, Redtone, Salcon, Sapura, SKB, TAS, TRC, Turbo, WCEHB

TheEdge Wed, Mar 13, 2019 01:33pm - 5 months ago


KUALA LUMPUR (March 5): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. All 16 displayed negative momentum.

The stocks with negative momentum were:

AWC Bhd - up 5 sen at 79 sen

Gadang Holdings Bhd - up 3 sen at 68 sen

Halex Holdings Bhd -  up 4.5 sen at 99 sen

Ho Hup Construction Company Bhd - up 3 sen at 44 sen

Jerasia Capital Bhd - unchanged at 37.5 sen

PCCS Group Bhd - unchanged at 40.5 sen

Perdana Petroleum Bhd - up 1 sen at 40 sen

Prestariang Bhd - up 2 sen at 58.5 sen

Redtone International Bhd - up 2.5 sen at 26.5 sen

Salcon Bhd - up 2.5 sen at 29.5 sen

Sapura Energy Bhd - up 1.5 sen at 34 sen

SKB Shutter Corporation Bhd - down 3 sen at 62 sen

TAS Offshore Bhd - up 1.5 sen at 30 sen

TRC Synergy Bhd - up 4.5 sen at 61.5 sen

Turbo-mech - up 3 sen at 77 sen

WCE Holdings Bhd - down 1 sen at 56.5 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.








Related Stocks

AWC 0.650
BURSA 6.040
GADANG 0.735
HEXTAR 0.750
HOHUP 0.500
JERASIA 0.350
PCCS 0.540
PERDANA 0.320
PRESBHD 0.455
REDTONE 0.350
SALCON 0.240
SAPNRG 0.270
TAS 0.240
TRC 0.565
TURBO 0.635
WCEHB 0.520

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