MBSB, Seal Inc, Eco World International, KPS, Central Global, S & F Capital

TheEdge Wed, May 10, 2023 04:19pm - 4 months View Original

KUALA LUMPUR (May 10): theedgemarkets.com highlighted six stocks with momentum during Bursa Malaysia’s afternoon session on Wednesday (May 10). Two indicated displayed positive momentum, while four indicated negative momentum.

The stocks with positive momentum were:

  • Malaysia Building Society Bhd (MBSB) — up half a sen at 65 sen
  • Seal Incorporated Bhd — down three sen at 41 sen

The stocks with negative momentum were:

  • Eco World International Bhd — up two sen or 3.51% at 59 sen
  • Kumpulan Perangsang Selangor Bhd (KPS) — up one sen at 76 sen
  • Central Global Bhd — up one sen at RM1.12
  • S & F Capital Bhd — unchanged at 12 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 6.740
CGB-WA 1.590
EWINT 0.365
KPS 0.710
MBSB 0.730
S&FCAP 0.115
SEAL 0.525


Login to comment.