AYS, Tasco, Chuan Huat, Malaysia Steel, Fibon, Handal, Malayan Flour, Caely, Vizione, Dagang NeXchange , Pestech, TA Enterprise

TheEdge Tue, Feb 21, 2017 01:30pm - 7 years View Original

KUALA LUMPUR (Feb 21): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 10 with negative momentum.

Stocks with positive momentum were:

AYS Ventures Bhd – up 3.5 sen at 37.5 sen

Tasco Bhd – down two sen at RM1.20

Stocks with negative momentum were: 

Chuan Huat Resources Bhd – up 0.5 sen at 52.5 sen

Malaysia Steel Works (KL) Bhd – up 1.5 sen at 89 sen

Fibon Bhd – up 0.5 sen at 75 sen

Handal Resources Bhd – up one sen at 27.5 sen

Malayan Flour Mills Bhd – up two sen at RM1.55

Caely Holdings Bhd – unchanged at 52.5 sen

Vizione Holdings Bhd – down 0.5 sen at 12 sen

Dagang NeXchange Bhd – up one sen at 38.5 sen

Pestech International Bhd – up three sen at RM1.72

TA Enterprise Bhd – up 1.5 sen at 54.5 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

AYS 0.360
BURSA 7.460
CHUAN 0.410
DNEX 0.385
FIBON 0.450
MFLOUR 0.645
TASCO 0.800


Lee Kok Boon
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