Amtel, LTKM, PGF, Hextar Global, Mulpha, Optimax

TheEdge Wed, Sep 28, 2022 02:00pm - 1 year View Original


KUALA LUMPUR (Sept 28): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Wednesday (Sept 28).

Three displayed positive momentum while three showed negative momentum.

Stocks with positive momentum:

  • Amtel Holdings Bhd — down 0.5 sen at 75 sen
  • LTKM Bhd — up two sen at RM1.40
  • PGF Capital Bhd — up two sen at RM1.16

Stocks with negative momentum:

  • Hextar Global Bhd — up one sen at RM1.79
  • Mulpha International Bhd — unchanged at RM2.28
  • Optimax Holdings Bhd — up 0.5 sen at 78.5 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

AMTEL 0.610
BURSA 7.420
HEXTAR 0.875

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