Bioalpha, Sarawak Cable, Bina Puri, MKH, Ageson, Minetech Resources

TheEdge Wed, Dec 13, 2023 01:53pm - 4 months View Original


KUALA LUMPUR (Dec 13): theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

The stocks with positive momentum were:

  • Bioalpha Holdings Bhd — up 2.5 sen or 27.78% to 11.5 sen

  • Sarawak Cable Bhd  — up four sen or 19.05% to 25 sen

The stocks with negative momentum were:

  • Bina Puri Holdings Bhd — up half a sen or 5.88% to nine sen

  • MKH Bhd — up two sen or 1.41% to RM 1.44

  • Ageson Bhd — up two sen or 36.36% to 7.5 sen

  • Minetech Resources Bhd — up one sen or 15.38% to 7.5 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

AGES 0.070
AGES-PA 0.010
BIOHLDG 0.085
BIOHLDG-PA 0.010
BPURI 0.080
BPURI-WB 0.050
BURSA 7.330
MINETEC 0.145
MKH 1.350
SCABLE 0.160

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