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INIX, PDZ, Cabnet, Cuscapi, Daibochi, DGSB, Iris Corp, Lotus KFM, ManagePay, Prestariang, Sam Engineering, Sersol, Solution Group, Silver Ridge, Vertice, Vivocom

TheEdge Tue, Jun 23, 2020 02:14pm - 4 months ago


KUALA LUMPUR (June 23): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum, while the other 14 stocks showed negative momentum.

The stocks with positive momentum were:

INIX Technologies Holdings Bhd — up two sen or 44.44% at 6.5 sen

PDZ Holdings Bhd — up one sen or 25% at five sen

The stocks with negative momentum were:

Cabnet Holdings Bhd — up one sen or 5.71% at 18.5 sen

Cuscapi Bhd — up 2.5 sen or 20 % at 15 sen

Daibochi Bhd — up three sen or 1.22% at RM2.48

Diversified Gateway Solutions Bhd (DGSB) — up two sen or 23.53% at 10.5 sen

Iris Corp Bhd — up one sen or 5.71% at 18.5 sen

Lotus KFM Bhd — up one sen or 3.03% at 34 sen 

ManagePay Systems Bhd — up one sen or 10.53% at 10.5 sen

Prestariang Bhd — down one sen or 1.83% at 53.5 sen

Sam Engineering & Equipment (M) Bhd — down seven sen or 0.97% at RM7.14

Sersol Bhd — up one sen or 7.41% at 14.5 sen

Solution Group Bhd — up one sen or 10% at 11 sen

Silver Ridge Holdings Bhd — unchanged at 40 sen

Vertice Bhd — down 0.5 sen or 1.69% at 29 sen

Vivocom Intl Holdings Bhd — up 0.5 sen or 20% at three 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com.






Related Stocks

BURSA 8.800
CABNET 0.235
CUSCAPI 0.105
DAIBOCI 2.590
DGSB 0.200
INIX 0.220
IRIS 0.265
LOTUS 0.265
MPAY 0.150
PDZ 0.070
PRESBHD 0.410
SAM 6.650
SERSOL 0.170
SOLUTN 0.665
SRIDGE 0.445
VERTICE 0.240
VIVOCOM 0.045

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