RGB, Supercomnet, Vinvest, KTC, KHJB, EATECH, CYL, YSPSAH

TheEdge Thu, Sep 22, 2022 01:55pm - 1 year View Original

KUALA LUMPUR (Sept 22): theedgemarkets.com highlighted eight stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Sept 22).

The stocks with negative momentum were:

  • Supercomnet Technologies Bhd — unchanged at RM1.61
  • RGB International Bhd — up 1.5 sen at 14.5 sen
  • Vinvest Capital Holdings Bhd — down two sen at 21 sen
  • Kim Teck Cheong Consolidated Bhd (KTC) — up 1.5 sen at 19.5 sen
  • Kim Hin Joo (M) Bhd (KHJB) — up 1.5 sen at 29 sen
  • EA Technique (M) Bhd (EATECH) — unchanged at nine sen
  • CYL Corp Bhd — up 8.5 sen at 75.5 sen
  • YSP Southeast Asia Holding Bhd (YSPSAH) — up five sen at RM2.15

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

BURSA 8.860
EATECH 0.350
KHJB 0.155
YSPSAH 2.930


Login to comment.