CCK Consolidated, Computer Forms, Classic Scenic, Hextar Technologies Solutions, TIME dotCom

TheEdge Fri, Sep 30, 2022 01:43pm - 1 year View Original


KUALA LUMPUR (Sept 30): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon close on Friday (Sept 30).

One had positive momentum and four had negative momentum.

The stock with positive momentum was:

  • CCK Consolidated Holdings Bhd — up three sen at 65.5 sen

The stocks with negative momentum were:

  • Computer Forms (Malaysia) Bhd — down 13 sen at RM1.80
  • Classic Scenic Bhd — down 10 sen at RM 1.21
  • Hextar Technologies Solutions Bhd — up seven sen at RM4.30
  • TIME dotCom Bhd — down three sen at RM4.62

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 7.470
CCK-WA 0.000
CFM 0.130

Comments

Login to comment.