XOX Technology, HSS Engineers, UEM Edgenta, BLand, IFCA MSC, Innity Corp

TheEdge Thu, Sep 14, 2023 01:57pm - 8 months View Original

KUALA LUMPUR (Sept 14): theedgemalaysia.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.

The stocks with positive momentum were:

  • XOX Technology Bhd — up one sen or 18.18% to 6.5 sen
  • HSS Engineers Bhd — up five sen or 7.69% to 70 sen
  • UEM Edgenta Bhd — up six sen or 5.56% to RM1.14

The stocks with negative momentum were:

  • Berjaya Land Bhd (BLand) — down 1.5 sen or 5.08% to 28 sen
  • IFCA MSC Bhd — up two sen or 6.35% to 33.5 sen
  • Innity Corp Bhd — down one sen or 2% to 49 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

BJLAND 0.365
BURSA 8.300
HSSEB 1.040
INNITY 0.415
MSC 3.440
XOX 0.010


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