CNH, Pelikan, Bintai, CIMB, Euro, Minetech, Sern Kou

TheEdge Fri, Dec 29, 2023 02:15pm - 5 months View Original

KUALA LUMPUR (Dec 29): 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:

  • Citra Nusa Holdings Bhd (CNH) — unchanged at 5.5 sen
  • Pelikan International Corporation Bhd — down three sen or 8.96% to 30.5 sen

The stocks with negative momentum were:

  • Bintai Kinden Corporation Bhd — up one sen or 11.76% to 9.5 sen
  • CIMB Group Holdings Bhd — up three sen or 0.51% to RM5.87
  • Euro Holdings Bhd — up half a sen or 6.25% to 8.5 sen
  • Minetech Resources Bhd — unchanged at 15 sen
  • Sern Kou Resources Bhd — unchanged at 70 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

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

BURSA 8.800
CIMB 6.880
CNH 0.060
EURO 0.095


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