Sealink, TAS, ACO, Petra Energy, PNE PCB, Poh Huat, FSBM

TheEdge Thu, Oct 19, 2023 02:14pm - 7 months View Original


KUALA LUMPUR (Oct 19): theedgemalaysia.com highlighted seven stocks with momentum during Bursa Malaysia’s afternoon close on Thursday. Two stocks displayed positive momentum, while the other five indicated negative momentum.

The stocks with positive momentum were:

  • Sealink International Bhd — up 1.5 sen at 24.5 sen
  • TAS Offshore Bhd — up 3.5 sen at 38.5 sen

The stocks with negative momentum were:

  • ACO Group Bhd — up one sen at 28 sen
  • Petra Energy Bhd — up four sen at 96.5 sen
  • PNE PCB Bhd — unchanged at 7.5 sen
  • Poh Huat Resources Holdings Bhd — up two sen at RM1.36
  • FSBM Holdings Bhd — up two sen at 27.5 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

ACO 0.230
BURSA 8.530
FSBM 0.440
FSBM-WB 0.355
PENERGY 1.480
PNEPCB 0.060
POHUAT 1.460
SEALINK 0.225
TAS 0.805

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