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YKGI, Willowglen, Fibon, Ideal Jacobs, Resintech, Hiap Teck

TheEdge Tue, Sep 27, 2016 01:27pm - 3 years ago

KUALA LUMPUR (Sept 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum and five with negative momentum.

The stock with positive momentum was :

YKGI Holdings Bhd — down one sen at 38 sen

Stocks with negative momentum were:

Willowglen MSC Bhd — up three sen at 71.5 sen

Fibon Bhd — up 2.5 sen at 64.5 sen

Ideal Jacobs (M) Corp Bhd —  unchanged at 20 sen

Resintech Bhd — up four sen at 49 sen

Hiap Teck Venture Bhd — down 0.5 sen at 33 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.

Related Stocks

BURSA 8.400
FIBON 0.285
WIDAD 0.500
WILLOW 0.500
YKGI 0.090


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