MI Technovation, K-One, Ajinomoto, Marco, Gabungan AQRS and Gamuda

TheEdge Thu, Feb 23, 2023 02:24pm - 1 year View Original


KUALA LUMPUR (Feb 23): theedgemarkets.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Thursday (Feb 23).

The stock with positive momentum was:

  • MI Technovation Bhd — up 26 sen or 16.25% at RM1.86;

The stocks with negative momentum were:

  • K-One Technology Bhd — up 1.5 sen or 8.57% at 19 sen;
  • Ajinomoto (Malaysia) Bhd — up two sen or 0.13% at RM15.32;
  • Marco Holdings Bhd — up 1.5 sen or 7.89% at 20.5 sen;
  • Gabungan AQRS Bhd — up 2.5 sen or 7.81% at 34.5 sen;
  • Gamuda Bhd — up 24 sen or 5.91% at RM4.30.

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.






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