Cosmos, Ancom, TT Vision, Sen Fong, Minho, MGB

TheEdge Thu, Feb 15, 2024 02:17pm - 4 months View Original


KUALA LUMPUR (Feb 15): theedgemalaysia.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.  

The stock with positive momentum was:

  • Cosmos Technology International Bhd — up 1.5 sen or 2.73% to 56.5 sen  

The stocks with negative momentum were:

  • Ancom Logistics Bhd — down half a sen or 3.7% to 14 sen
  • TT Vision Holdings Bhd — up nine sen or 11.04% to 90.5 sen
  • Sen Fong Holdings Bhd — up two sen or 2.68% to 76.5 sen
  • Minho (M) Bhd — up 2.5 sen or 7.94% to 34 sen
  • MGB Bhd — up half a sen or 6.06% to 87.5 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.






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ANCOMLB 0.175
BURSA 8.750
COSMOS 0.465

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