PMHldg, MUIInd, PMCorp, Karex, MUIProp, ELKDesa, Velesto, Perstim, SJC

TheEdge Wed, Nov 09, 2022 02:29pm - 1 year View Original


KUALA LUMPUR (Nov 9): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (Nov 9). Four stocks displayed positive momentum, while the other five indicated negative momentum.

The stocks with positive momentum were:

  • Pan Malaysia Holdings Bhd ― down one sen at 8.5 sen
  • Malayan United Industries Bhd  ― unchanged at 10.5 sen
  • Pan Malaysia Corp Bhd ― up one sen at 20 sen
  • Karex Bhd ― up 1.5 sen at 49 sen

The stocks with negative momentum were:

  • MUI Properties Bhd ― unchanged at 20 sen
  • Elk-Desa Resources Bhd ― down two sen at RM1.38
  • Velesto Energy Bhd ― up one sen at 14 sen
  • Perusahaan Sadur Timah Malaysia (Perstima) Bhd ― up 11 sen at RM4.36
  • Seni Jaya Corp Bhd ― down 3.5 sen at 63 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

BURSA 7.450
MUIPROP 0.210
PMHLDG 0.185

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