Sam Engineering, BP Plastics, Classic Scenic, FoundPac, HB Global, Heng Huat, Public Packages

TheEdge Thu, Sep 08, 2022 03:15pm - 1 year View Original


KUALA LUMPUR (Sept 8): theedgemarkets.com highlighted seven stocks at Bursa Malaysia's afternoon close on Thursday (Sept 8). One stock had positive momentum, and six had negative momentum.

Stock with positive momentum:

  • Sam Engineering & Equipment (M) Bhd — up 36 sen or 8.16% at RM4.77

Stocks with negative momentum:

  • BP Plastics Holding Bhd — up four sen or 2.76% at RM1.49
  • Classic Scenic Bhd — up 14 sen or 13.33% at RM1.19
  • FoundPac Group Bhd — up 3.5 sen or 6.31% at 59 sen
  • HB Global Ltd — unchanged at 13.5 sen
  • Heng Huat Resources Group Bhd — up one sen or 2.7% at 38 sen
  • Public Packages Holdings Bhd — up two sen or 3.1% at 66.5 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.






Related Stocks

BPPLAS-WA 0.085
BURSA 7.460
SAM 5.040

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