Minho, Ecomate, Unitrade, Pan Malaysia, TDM, MHC, TH Plantations, FGV, WMG, CCK, Minetech, Infraharta, Golden Land, Lee Swee Kiat, Cepatwawasan, TSH

TheEdge Mon, Feb 19, 2024 02:05pm - 1 month View Original

KUALA LUMPUR (Feb 19): theedgemalaysia.com highlighted one stock with positive momentum and 15 stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.  

The stock with positive momentum was:

  • Minho (M) Bhd — down half a sen or 1.45% to 34 sen  

The stocks with negative momentum were:

  • Ecomate Holdings Bhd — unchanged at 77sen  
  • Unitrade Industries Bhd — up one sen or 3.39% to 30.5 sen
  • Pan Malaysia Holdings Bhd — down two sen or 14.29% to 12 sen
  • TDM Bhd — up one sen or 5% to 21 sen
  • MHC Plantations Bhd  — up 6.5 sen or 6.88% to RM1.01
  • TH Plantations Bhd — up 12.5 sen or 17.73% to 83 sen
  • FGV Holdings Bhd — up three sen or 2.08% to RM1.47
  • WMG Holdings Bhd — up 1.5 sen or 15% to 11.5 sen
  • CCK Consolidated Holdings Bhd — up three sen or 3.28% to 94.5 sen
  • Minetech Resources Bhd — down one sen or 5.26% to 18 sen
  • Infraharta Holdings Bhd — up half a sen or 4.76% to 11 sen
  • Golden Land Bhd — up two sen or 7.69% to 28 sen
  • Lee Swee Kiat Group Bhd — up one sen or 0.88% to RM1.15
  • Cepatwawasan Group Bhd — up 5.5 sen or 7.48% to 79 sen
  • TSH Resources Bhd — up five sen or 4.59% to RM1.14

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
MINHO 0.300


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