Icon, Seal Inc, Gobal Oriental, MB World, Signature International, SKB Shutters

TheEdge Fri, Jan 20, 2017 01:11pm - 3 years ago

KUALA LUMPUR (Jan 20): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum while four stocks showed negative momentum.

Stocks with positive momentum were:

Icon Offshore Bhd – up 3.5 sen at 47 sen

Seal Inc Bhd – flat at 49 sen

Stocks with negative momentum were:

Global Oriental Bhd – up 1.5 sen at 37.5 sen

MB World Group Bhd – up 1 sen at RM1.51

Signature International Bhd – up 0.5 sen at 85.5 sen

SKB Shutters Corp Bhd – up 2.5 sen at 71.5 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.

Related Stocks

BURSA 8.540
GOB 0.405
ICON 0.110
SIGN 0.575


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