Compugates, ASB, EA Technique, Masteel, Minho, MUI, MUI Prop, Pan Malaysia and TGL

TheEdge Thu, Nov 24, 2022 01:56pm - 3 days View Original

KUALA LUMPUR (Nov 24): highlighted one stock with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Nov 24).

The stock with positive momentum was:

  • Compugates Holdings Bhd — up half a sen or 50% at one sen

The stocks with negative momentum were:

  • Advance Synergy Bhd — up eight sen or 45.71% at 25 sen
  • EA Technique (M) Bhd — up one sen or 12% at 14 sen
  • Malaysia Steel Works (KL) Bhd (Masteel) — down four sen or 10.71% at 37 sen
  • Minho (M) Bhd — up one sen or 2.99% at 34 sen
  • Malayan United Industries Bhd — up two sen or 20% at 12 sen
  • MUI Properties Bhd — up three sen or 15.79% at 22 sen
  • Pan Malaysia Holdings Bhd — up two sen or 31.25% at 10 sen
  • Teo Guan Lee Corp Bhd — up three sen or 2.36% at RM1.30

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

ASB 0.205
BURSA 6.890


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