Kimlun, Mclean, Poh Kong, Tomei, BM Greentech

TheEdge Fri, Apr 19, 2024 02:06pm - 2 months View Original

KUALA LUMPUR (April 19): highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed negative momentum while one stock displayed positive momentum

Stocks with negative momentum were:

  • Kimlun Corp Bhd - unchanged at RM1.03
  • Mclean Technologies Bhd - up three sen to 25 sen
  • Poh Kong Holdings Bhd - up three sen to RM1.12
  • Tomei Consolidated Bhd - up five sen to RM1.73

Stock with positive momentum was:

  • BM Greentech Bhd - up three sen to 98.5 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

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

Related Stocks

BURSA 8.760
KIMLUN 1.260


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