GKent, Asdion, MQTech, RL, Johan, Penergy, AFujiya, Icon, DNonce, SMISCorp, Jetson, SMCap

TheEdge Mon, Dec 05, 2022 02:12pm - 3 months View Original

KUALA LUMPUR (Dec 5): theedgemarkets.com highlighted one stock with positive momentum and eleven stocks with negative momentum at Bursa Malaysia's afternoon close on Monday (Dec 5).

The stock with positive momentum was:

  • George Kent (M) Bhd — up six and a half sen or 12.26% to 59.5 sen

The stocks with negative momentum were:

  • Asdion Bhd X — up half a sen or 5.88% to nine sen
  • MQ Technology Bhd — up two sen or 36.36% to 7.5 sen
  • Reservoir Link Energy Bhd — up one sen or 2.13% to 48 sen
  • Johan Holdings Bhd — up one sen or 6.67% to seven sen
  • Petra Energy Bhd — up four sen or 4.76% to 88 sen
  • ABM Fujiya Bhd — up three and a half sen or 8.43% to 45 sen
  • Icon Offshore Bhd — up half a sen or 3.23% to 16 sen
  • D’nonce Technology Bhd — up one sen or 8.33% to 13 sen
  • SMIS Corp Bhd — up seven sen or 9.33% to 82 sen
  • Kumpulan Jetson Bhd — up one sen or 4.55% to 23 sen
  • Sinmah Capital Bhd — up one sen or 8% to 13.5 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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ASDION 0.040
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