Apollo, Nexgram, HLT, Leform, Turiya, One Glove, Sern Kou

TheEdge Tue, Dec 19, 2023 01:47pm - 5 months View Original

KUALA LUMPUR (Dec 19): theedgemalaysia.com highlighted one stock with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.

The stock with positive momentum was:

  • Apollo Food Holdings Bhd — up 34 sen or 6.3% to RM5.74

The stocks with negative momentum were:

  • Nexgram Holdings Bhd — up one sen or 28.57% to 4.5 sen
  • HLT Global Bhd — unchanged at 25.5 sen
  • Leform Bhd — unchanged at 38.5 sen
  • Turiya Bhd — up 1.5 sen or 6.25% to 25.5 sen
  • One Glove Group Bhd — unchanged at 25.5 sen
  • Sern Kou Resources Bhd — down half a sen or 0.76% to 65.5 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

APOLLO 6.850
BURSA 8.800
HLT 0.185
LEFORM 0.170
TURIYA 0.450


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