Ranhill Utilities, PDZ, LKL International, Kretam, TM, Luxchem, MNRB, Suria Capital, Cheetah

TheEdge Tue, Nov 07, 2023 02:45pm - 5 months View Original


KUALA LUMPUR (Nov 7): theedgemalaysia.com highlighted two stocks with positive momentum and seven stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.

The stocks with positive momentum were:

  • Ranhill Utilities Bhd — up two sen or 2.27% to 90 sen 
  • PDZ Holdings Bhd  — up half a sen or 9.09% to six sen

The stocks with negative momentum were:

  • LKL International Bhd — up half a sen or 2.56% to 20 sen
  • Kretam Holdings Bhd — up one sen or 1.56% to 65 sen
  • Telekom Malaysia Bhd (TM) — up 16 sen or 3.09% to RM5.33
  • Luxchem Corp Bhd — up one sen or 1.82% to 56 sen
  • MNRB Holdings Bhd — up five sen or 4.17% to RM1.25
  • Suria Capital Holdings Bhd — up seven sen or 4.29% to RM1.70
  • Cheetah Holdings Bhd — up half a sen or 3.70% to 14 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

BURSA 7.460
CHEETAH 0.115
KRETAM 0.600
LKL 0.120
LKL-WA 0.020
LUXCHEM 0.570
MNRB 1.750
PDZ 0.035
RANHILL 1.120
SURIA 2.150
TM 6.190

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