TalamT, CLMT, Liihen, Nice, Zelan, Scable, Ranhill, FPGGroup, Rhonema, IGBB, Encorp, PRG, Euro

TheEdge Thu, Jan 26, 2023 02:28pm - 2 months View Original

KUALA LUMPUR (Jan 26): theedgemarkets.com highlighted four stocks with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Jan 26).

The stocks with positive momentum were:

  • Talam Transform Bhd – up half a sen or 25% at 2 sen
  • CapitaLand Malaysia Trust – up one sen or 2.59% at 59 sen
  • Lii Hen Industries Bhd – up one sen or 1.21% at 83 sen
  • Niche Capital Emas Holdings Bhd – up one sen or 10.34% at 16 sen

The stocks with negative momentum were:

  • Zelan Bhd – up half a sen or 7.14% at seven sen
  • Sarawak Cable Bhd - unchanged at nine sen
  • Ranhill Utilities Bhd – up two sen or 4.12% at 50 sen
  • FoundPac Group Bhd – up one sen or 2.91% at 53 sen
  • Rhone Ma Holdings Bhd – remained unchanged at 71 sen
  • IGB Bhd – remained unchanged at RM2.35
  • Encorp Bhd – up three sen or 12% at 28 sen
  • PRG Holdings Bhd – up one sen or 6.45% at 16 sen
  • Euro Holdings Bhd – up one sen or 12% at 14 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 6.390
TALAMT 0.020
ZELAN 0.055


Login to comment.