7-Eleven, Silver Ridge, Amtel, Microlink, UMW

TheEdge Mon, Oct 17, 2022 02:10pm - 1 year View Original


KUALA LUMPUR (Oct 17): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon close on Monday (Oct 17).

Two showed positive momentum while three displayed negative momentum.

Stocks with positive momentum:

  • 7-Eleven Malaysia Holdings Bhd — unchanged at RM1.65
  • Silver Ridge Holdings Bhd — unchanged at 19 sen

Stocks with negative momentum:

  • Amtel Holdings Bhd — up 2.5 sen at 82 sen
  • Microlink Solutions Bhd — up 1.5 sen at 70.5 sen
  • UMW Holdings Bhd — up 11 sen at RM3.30

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 7.450
SEM 1.990

Comments

JJ Lee
Like · Reply
negative momentum but price is up. The other way round?

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