Ho Hup, Sarawak Consolidated, JMR, GPA, Kumpulan Powernet

TheEdge Tue, May 28, 2019 02:05pm - 4 years View Original


KUALA LUMPUR (May 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Two had positive momentum while three showed negative momentum.

Stocks with positive momentum were:

Ho Hup Construction Co Bhd — up 1.5 sen at 64 sen

Sarawak Consolidated Industries Bhd — up 2.5 sen at 77.5 sen

Stocks with negative momentum were:

JMR Conglomeration Bhd — up eight sen at RM1.12
 
GPA Holdings Bhd — down 0.5 sen at 13.5 sen

Kumpulan Powernet Bhd — up 1.5 sen at 59 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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