EWI, BTM, DFX, Menang, Star, PWF

TheEdge Tue, May 02, 2023 02:01pm - 5 months View Original

KUALA LUMPUR (May 2): theedgemarkets.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday (May 2).

The stocks with positive momentum were:

Eco World International Bhd (EWI) — up 2.5 sen or 4.50% at 58 sen

BTM Resources Bhd — up one sen or 14.29% at eight sen

The stocks with negative momentum were:

Divfex Bhd — remained unchanged at 10.5 sen

Menang Corp (M) Bhd — up 5.5 sen or 5.56% at 93.5 sen

Star Media Group Bhd — up two sen or 3.39% at 61 sen

PWF Corp Bhd — up six sen or 9.23% at 71 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

BTM-WB 0.015
BURSA 6.740
DFX 0.120
EWINT 0.365
MENANG 0.755
PWF 0.875
STAR 0.405


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