Hexza, HeiTech Padu, Leform, Zelan, Edaran, IGB, Impiana Hotels, Emico

TheEdge Fri, Nov 10, 2023 02:01pm - 7 months View Original

KUALA LUMPUR (Nov 10): theedgemalaysia.com highlighted two stocks with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

The stocks with positive momentum were:

  • Hexza Corp Bhd — up 2.5 sen or 2.56% to RM1 
  • HeiTech Padu Bhd — up 24.5sen or 35% to 94.5 sen

The stocks with negative momentum were:

  • Leform Bhd — up one sen or 4.08% to 25.5 sen
  • Zelan Bhd — up half a sen or 11.11% to five sen
  • Edaran Bhd — up 7.5 sen or 8.11% to RM1
  • IGB Bhd — up two sen or 0.88% to RM2.28
  • Impiana Hotels Bhd — down 4.5 sen or 18% to 20.5 sen
  • Emico Holdings Bhd — up one sen or 3.33% to 31 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 8.860
EDARAN 1.180
EMICO 0.320
HEXZA 1.030
HTPADU 2.150
IGBB 2.520
LEFORM 0.165
MAGMA 0.230
ZELAN 0.070


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