Key Asic, Nylex Malaysia, UCrest, Technodex, Aco, Kein Hing, Progressive Impact

TheEdge Thu, Dec 15, 2022 01:48pm - 3 months View Original

KUALA LUMPUR (Dec 15): highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Dec 15). Two stocks showed positive momentum, while five stocks had negative momentum.

The stocks with positive momentum were:

  • Key Asic Bhd — up half a sen at 6.5 sen
  • Nylex (Malaysia) Bhd — up four sen at 25.5 sen

The stocks with negative momentum were:

  • UCrest Bhd — up 1.5 sen at 12 sen
  • Technodex Bhd — up one sen at 10.5 sen
  • Aco Group Bhd — down half a sen at 23 sen
  • Kein Hing International Bhd — up 38 sen at RM1.67
  • Progressive Impact Corp Bhd — up half a sen at 22.5 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.

Related Stocks

BURSA 6.430
UCREST 0.100


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