Ancom Logistics, BCB, Cuscapi, Hektar, Lee Swee Kiat, Yoong Onn, YX Precious Metals

TheEdge Mon, Apr 22, 2024 02:03pm - 2 months View Original

KUALA LUMPUR (April 22): highlighted seven stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

The stocks with negative momentum were:

  • Ancom Logistics Bhd — up 3.5 sen or 19.44% at 21.5 sen
  • BCB Bhd — down one sen or 2.56% at 38 sen
  • Cuscapi Bhd — up two sen or 9.76% at 22.5 sen
  • Hektar REIT — up three sen or 4.65% at 67.5 sen
  • Lee Swee Kiat Group Bhd — up three sen or 3.28% at 94.5 sen
  • Yoong Onn Corp Bhd — up eight sen or 3.42% at RM2.42
  • YX Precious Metals Bhd — up one sen or 3.57% at 29 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.

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