Cycle & Carriage Bintang, KYM, Southern Cable

TheEdge Wed, Aug 10, 2022 02:46pm - 1 year View Original


KUALA LUMPUR (Aug 10): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's afternoon close on Wednesday (Aug 10). One stock indicated negative momentum while two stocks had positive momentum.

The stock with negative momentum was:

Cycle & Carriage Bintang Bhd — up two sen at RM2.70

The stocks with positive momentum were:

KYM Holdings Bhd — up 1.5 sen at 80 sen

Southern Cable Group Bhd — down 0.5 sen at 37 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.






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