Innoprise, G Capital, PGF Capital, Sungei Bagan Rubber Co, Petra Energy, YTL Power, CAB Cakaran, Resintech

TheEdge Fri, Jan 12, 2024 01:47pm - 3 months View Original


KUALA LUMPUR (Jan 12): theedgemalaysia.com highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

The stocks with positive momentum were:

  • Innoprise Plantations Bhd — up five sen or 3.65% to RM1.42
  • G Capital Bhd — up three sen or 7.50% to 43 sen
  • PGF Capital Bhd — up five sen or 3.65% to RM1. 42

The stocks with negative momentum were:

  • Sungei Bagan Rubber Co (M) Bhd — up 11 sen or 2.49% to RM4.52
  • Petra Energy Bhd — down one sen or 0.96% to RM1.03
  • YTL Power International Bhd — up 24 sen or 7.12% to RM3.61
  • CAB Cakaran Corp Bhd — up two sen or 2.80% to 73.5 sen
  • Resintech Bhd — up 1.5 sen or 2.86% to 54 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 7.470
CAB 0.665
CAB-WB 0.210
GCAP 0.365
INNO 1.420
PENERGY 1.390
PGF 1.900
RESINTC 0.525
SBAGAN 4.740
YTL 2.600
YTLPOWR 4.020

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