KSSC, Karex, Chinhin, ASB, Globe, MHB

TheEdge Mon, Nov 14, 2022 01:44pm - 2 months View Original

KUALA LUMPUR (Nov 14): theedgemarkets.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday (Nov 14).

The stocks with positive momentum were:

Chin Hin Group Bhd — up 22 sen or 6.98% at RM3.37

Karex Bhd — up two sen or 5% at 52 sen

K Seng Seng Corp Bhd — up four sen or 6.11% at 69 sen

The stocks with negative momentum were:

Advance Synergy Bhd — up half a sen or 3.70% at 14 sen

Malaysia Marine and Heavy Engineering Holdings Bhd — up one sen or 2.33% at 44 sen

Paragon Globe Bhd — unchanged at 18 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.

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