Bintai, Green Packet, Ideal Jacobs, LFE, Boon Koon, Central Industrial, Dataprep

TheEdge Fri, Jan 06, 2017 01:39pm - 7 years View Original


KUALA LUMPUR (Jan 6): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and six with negative momentum.

The stock with positive momentum was :

Bintai Kinden Corp Bhd – up two sen at 24 sen

Stocks with negative momentum were: 

Green Packet Bhd – unchanged at 31 sen

Ideal Jacobs (M) Corp Bhd – up one sen at 26 sen

LFE Corp Bhd – up four sen at 35 sen

Boon Koon Group Bhd – up one sen at 14 sen

Central Industrial Corp Bhd – up five sen at RM1.05

Dataprep Holdings Bhd – up two sen at 19 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.






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GPACKET 0.040
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