XOXTech, Lambo, Asdion, Binacom, MTAG, Insas, Turbo, Ranhill

TheEdge Tue, Dec 20, 2022 01:41pm - 3 months View Original

KUALA LUMPUR (Dec 20): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Dec 20). One stock had positive momentum, while seven stocks showed negative momentum.

The stock with positive momentum was:

  • XOX Technology Bhd — up half a sen at five sen

The stocks with negative momentum were:

  • Lambo Group Bhd — down half a sen at six sen
  • Asdion Bhd — up one sen at 12 sen
  • Binasat Communications Bhd — up two sen at 31.5 sen
  • MTAG Group Bhd — up 5.5 sen at 69 sen
  • Insas Bhd — up 1.5 sen at 86 sen
  • Turbo-Mech Bhd — unchanged at 74.5 sen
  • Ranhill Utilities Bhd — up 1.5 sen at 47 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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