Bio Osmo, Amanahraya, Sinotop, Rexit, Innoprise, RGB, Malaysia Smelting, SKB

TheEdge Fri, Oct 28, 2016 02:16pm - 7 years View Original


KUALA LUMPUR (Oct 28): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon market close today. Four stocks showed positive momentum while four had negative momentum.

Stocks with positive momentum were:

Bio Osmo Bhd — up one sen at six sen

Amanahraya Real Estate Investment Trust — down 0.5 sen at 94 sen

Sinotop Holdings Bhd — up 0.5 sen at eight sen

Rexit Bhd — up 2.5 sen at 67.5 sen

Stocks with negative momentum were:

Innoprise Plantations Bhd — up 3.5 sen at 81.5 sen

RGB International Bhd — up 1.5 sen at 21.5 sen

Malaysia Smelting Corp Bhd — up six sen at RM3.59

SKB Shutters Corp Bhd — up 2.5 sen at 67.5 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.

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






Related Stocks

ARREIT 0.380
BURSA 7.460
INNO 1.470
MAGMA 0.210
MSC 2.280
PERTAMA 2.530
REXIT 1.270
RGB 0.310
SKBSHUT 0.590

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