Protasco, Sarawak Cable, GUH, Landmarks, Samchem, Zelan

TheEdge Wed, Dec 27, 2023 01:46pm - 5 months View Original


KUALA LUMPUR (Dec 27): 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:

  • Protasco Bhd — up three sen or 14.29% to 24 sen
  • Sarawak Cable Bhd — up 7.5 sen or 26.79% to 35.5 sen

The stocks with negative momentum were:

  • GUH Holdings Bhd — up half a sen or 1.23% to 41 sen
  • Landmarks Bhd — up four sen or 14.81% to 31 sen
  • Samchem Holdings Bhd — up 1.5 sen or 2.38% to 64.5 sen
  • Zelan Bhd — up 1.5 sen or 21.43% to 8.5 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
GUH 0.395
GUH-WA 0.115
LANDMRK 0.205
PRTASCO 0.350
SAMCHEM 0.600
SCABLE 0.140
ZELAN 0.070

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