RGT, SSBB, Theta

TheEdge Wed, Apr 17, 2024 02:23pm - 2 months View Original

KUALA LUMPUR (April 17): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's noon break on Wednesday. Two stocks displayed negative momentum while one stock displayed positive momentum.

The stocks with negative momentum were:

  • RGT Bhd - up three sen to 28.5 sen
  • Southern Score Builders Bhd - up half sen to 39 sen

The stock with positive momentum was:

  • Theta Edge Bhd - up 13 sen to RM1.66

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 8.860
RGTBHD 0.950
THETA 1.530


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