KFima, UOAREIT, BHIC, ECM, Jetson, LayHong, PetronM

TheEdge Tue, Jun 07, 2022 02:06pm - 1 year View Original


KUALA LUMPUR (June 7): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (June 7). Two stocks displayed positive momentum, while the other five showed negative momentum.

The stocks with positive momentum were:

Kumpulan Fima Bhd — up 17 sen at RM2.70

UOA Real Estate Investment Trust — up one sen at RM1.18

The stocks with negative momentum were:

Boustead Heavy Industries Corporation Bhd — up one sen at 51 sen

ECM Libra Group Bhd — unchanged at 22 sen

Kumpulan Jetson Bhd — up 6.5 sen at 31.5 sen

Lay Hong Bhd — up one sen at 27.5 sen

Petron Malaysia Refining & Marketing Bhd — down eight sen at RM7.31

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.

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
ECM 0.210
JETSON 0.255
KFIMA 2.030
LAYHONG 0.370
PETRONM 4.650
UOAREIT 1.110

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