MSM, Komarkcorp, Bahvest, Tanco, Ranhill, Star Media Group

TheEdge Thu, Apr 27, 2023 01:59pm - 11 months View Original


KUALA LUMPUR (April 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 27). Two stocks displayed positive momentum, while the other four indicated negative momentum.

The stocks with positive momentum were:

  • MSM Malaysia Holdings Bhd — down 2.5 sen at 90 sen
  • Komarkcorp Bhd — down half a sen at 11.5 sen

The stocks with negative momentum were:

  • Bahvest Resources Bhd — up 1.5 sen at 40 sen
  • Tanco Holdings Bhd — up four sen at 52 sen
  • Ranhill Utilities Bhd — down half a sen at 63 sen
  • Star Media Group Bhd — down half a sen at 61 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

BAHVEST 0.500
BURSA 7.460
KOMARK 0.155
MSM 3.400
RANHILL 1.080
STAR 0.425
TANCO 0.840

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