Alam, Bumi Armada, Suria, CAM Resources, Ge-Shen, Eden, Crest Builder

TheEdge Fri, Mar 03, 2023 01:56pm - 1 year View Original


KUALA LUMPUR (March 3): theedgemarkets.com highlighted three stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday (March 3).

The stocks with positive momentum were:

  • Alam Maritim Resources Bhd — up half a sen or 14.29% at four sen;
  • Bumi Armada Bhd — up three sen or 4.55% at 69 sen;
  • Suria Capital Holdings Bhd — up four sen or 3.36% at RM1.23.

The stocks with negative momentum were:

  • CAM Resources Bhd — up one sen or 2.53% at 40.5 sen;
  • Ge-Shen Corp Bhd — up three sen or 2.04% at RM1.50;
  • Eden Inc Bhd — up one sen or 6.06% at 17.5 sen;
  • Crest Builder Holdings Bhd — up one sen or 2.02% at 50.5 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

ALAM 0.020
ARMADA 0.570
BURSA 7.460
CAMRES 0.390
CRESBLD 0.480
EDEN 0.160
GESHEN 3.500
SURIA 2.200

Comments

Login to comment.