IWCity, Sunsuria, Titijaya, Sasbadi, Danco, Star, Barakah

TheEdge Tue, Apr 11, 2023 01:55pm - 1 year View Original

KUALA LUMPUR (April 11): highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (April 11). All stocks showed negative momentum, and none had positive momentum.

The stocks with negative momentum were:

  • Iskandar Waterfront City Bhd (IWCity) — up one sen or 2.33% at 44 sen;
  • Sunsuria Bhd — up four sen or 6.3% at 68 sen;
  • Titijaya Land Bhd — up one sen or 3.57% at 29 sen;
  • Sasbadi Holdings Bhd — up one sen or 5.26% at 20 sen;
  • Dancomech Holdings Bhd — up half a sen or 1.08% at 47 sen;
  • Star Media Group Bhd — up two sen or 5.8% at 36 sen;
  • Barakah Offshore Petroleum Bhd — up one sen or 20% at six 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 8.550
DANCO 0.510
IWCITY 0.755
STAR 0.405


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