RGT, Notion VTec, BM Greentech, Plytec, Al-Aqar Healthcare, Sasbadi, QL Resources, Signature, Central Global

TheEdge Thu, Apr 25, 2024 02:21pm - 1 month View Original

KUALA LUMPUR (April 25): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. One stock showed positive momentum, while eight stocks showed negative momentum.

The stock with positive momentum was:

  • RGT Bhd — up two sen or 7.02% at 30.5 sen

The stocks with negative momentum were:

  • Notion VTec Bhd — up three sen or 5.61% at 56.5 sen
  • BM Greentech Bhd — up four sen or 3.51% at RM1.18
  • Plytec Holding Bhd — up half a sen or 1.79% at 28.5 sen
  • Al-Aqar Healthcare REIT  — down one sen or 0.76% at RM1.30
  • Sasbadi Holdings Bhd — down half a sen or 2.7% at 90 sen
  • QL Resources Bhd — up eight sen or 1.26% to RM6.43
  • Signature International Bhd — up five sen or 4.42% to RM1.18
  • Central Global Bhd — unchanged at 84.5 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.

Related Stocks

BURSA 8.750
NOTION 2.390
RGTBHD 0.940


Login to comment.