Ageson, BCM Alliance, LYC, Hubline, Luxchem, Rubberex

TheEdge Tue, May 05, 2020 01:57pm - 3 years View Original


KUALA LUMPUR (May 5): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum while three showed negative momentum.

Stocks with positive momentum were:

Ageson Bhd – up 2.5 sen at 18.5 sen

BCM Alliance Bhd – up one sen at 17 sen

LYC Healthcare Bhd – up 1.5 sen at 36 sen

Stocks with negative momentum were:

Hubline Bhd – up 0.5 sen at 5.5 sen

Luxchem Corp Bhd – up 1.5 sen at 67 sen

Rubberex Corp (M) Bhd – unchanged at RM1.78

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

AGES 0.075
BCMALL 0.015
BURSA 7.460
HEXCARE 0.205
HUBLINE 0.040
LUXCHEM 0.535
LYC 0.185

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