Key ASIC, Key Alliance, Nova MSC, Rubberex, Careplus, Comfort

TheEdge Mon, May 04, 2020 01:53pm - 3 years View Original


KUALA LUMPUR (May 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed positive momentum while two showed negative momentum.

Stocks with positive momentum were:

Key ASIC Bhd – up three sen at 8.5 sen

Key Alliance Group Bhd – down 0.5 sen at nine sen

Nova MSC Bhd – up 2.5 sen at 7.5 sen

Rubberex Corp (M) Bhd – up 13 sen at RM1.63

Stocks with negative momentum were:

Careplus Group Bhd – up 3.5 sen at 49 sen

Comfort Gloves Bhd – up 10 sen at RM1.51

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

BURSA 7.460
CAREPLS 0.275
COMFORT 0.420
HEXCARE 0.205
KEYASIC 0.050
KGROUP 0.010
NOVA 0.545
NOVAMSC 0.105

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