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George Kent, Superlon, Mercury Industries, Johan, Cuscapi, Alcom, Bina Puri, Atta, Resintech

TheEdge Wed, Sep 28, 2016 01:11pm - 3 years ago


KUALA LUMPUR (Sept 28): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and seven with negative momentum.

Stocks with positive momentum were:

George Kent (M) Bhd — up nine sen at RM2.60

Superlon Holdings Bhd— up 10 sen at RM2.48

Stocks with negative momentum were:

Mercury Industries Bhd — up 12 sen at RM1.28

Johan Holdings Bhd — up 0.5 sen at 19.5 sen

Cuscapi Bhd — up 0.5 sen at 12.5 sen

Aluminium Company of Malaysia Bhd — up two sen at 98 sen

Bina Puri Holdings Bhd — up one sen at 42 sen

Atta Global Group Bhd — up four sen at 77.5 sen

Resintech Bhd — unchaged at 49 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

ATTA 0.445
BPURI 0.125
BURSA 6.140
CUSCAPI 0.175
GKENT 1.030
JOHAN 0.085
MERCURY 0.705
RESINTC 0.305
SUPERLN 0.975

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