Unique Fire, HeveaBoard, OpenSys, Zelan, Eden Inc, Cepatwawasan, Emico

TheEdge Fri, Nov 17, 2023 02:18pm - 7 months View Original

KUALA LUMPUR (Nov 17): theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

The stocks with positive momentum were:

  • Unique Fire Holdings Bhd — up 1.5 sen or 6.25% to 25.5 sen

  • HeveaBoard Bhd  — up one sen or 2.86% to 36 sen

The stocks with negative momentum were:

  • OpenSys (M) Bhd — unchanged at 37.5 sen

  • Zelan Bhd — up half a sen or 10% to 5.5 sen

  • Eden Inc Bhd — up 1.5 sen or 6.67% to 24 sen

  • Cepatwawasan Group Bhd — up half a sen or 0.72% to 70 sen

  • Emico Holdings Bhd — up two sen or 5.80% to 36.5 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

BURSA 8.790
CEPAT 0.695
EDEN 0.160
EMICO 0.335
HEVEA 0.355
UNIQUE 0.325
ZELAN 0.070


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