Efficient E-Solutions, PA Resources, Lay Hong, Hap Seng Consolidated, Teo Seng Capital, Eden Inc

TheEdge Wed, Nov 22, 2023 02:22pm - 4 months View Original

KUALA LUMPUR (Nov 22): theedgemalaysia.com highlighted six stocks with momentum during Bursa Malaysia’s afternoon close on Wednesday. Three stocks displayed positive momentum, while the remaining three stocks displayed negative momentum.

The stocks with positive momentum were:  

  • Efficient E-Solutions Bhd — up half a sen or 2.22% to 23 sen
  • PA Resources Bhd — up one sen or 3.64% to 28.5 sen
  • Lay Hong Bhd — up half a sen or 1.61% to 31.5 sen

The stocks with negative momentum were:  

  • Hap Seng Consolidated Bhd — down three sen or 6% to RM4.70
  • Teo Seng Capital Bhd — down four sen or 2.76% to RM1.49
  • Eden Inc Bhd — up one sen or 4.44% to 23.5 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 7.460
EDEN 0.160
PA 0.325


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