Engtex, GDB, RSawit, BTech, JCY, PinePac

TheEdge Tue, Dec 24, 2019 01:12pm - 4 years View Original


KUALA LUMPUR (Dec 24): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and three with negative momentum.
 
Stocks with positive momentum were:

Engtex Group Bhd – up 2.5 sen to 71.5 sen

GDB Holdings Bhd – up 0.5 sen to 60 sen

Rimbunan Sawit Bhd – unchanged at 36.5 sen

Stocks with negative momentum were:

Brite-Tech Bhd – unchanged at 22.5 sen

JCY International Bhd – up 1.5 sen to 26.5 sen

Pinehill Pacific Bhd – up three sen to 50 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

BTECH 0.330
BURSA 7.460
ENGTEX 1.020
GDB 0.260
JCY 0.255
PINEPAC 0.370
RSAWIT 0.240

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