Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Jaks, KStar, Mintye, MMAG, Naim, Pecca, Salutica, Sealink

TheEdge Thu, Aug 22, 2019 01:05pm - 1 year ago

KUALA LUMPUR (Aug 22): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks showed negative momentum.

The stocks with negative momentum were:

Jaks Resources Bhd – up 2.5 sen at 84.5 sen

K-Star Sports Ltd – up 1.5 sen at 11.5 sen

Mintye Bhd – unchanged at RM1.25

MMAG Holdings Bhd – up 0.5 sen at 25 sen

Naim Holdings Bhd – up 4 sen at RM1.13

Pecca Group Bhd – up 3 sen at RM1.28

Salutica Bhd – up 3.5 sen at 53.5 sen 

Sealink International Bhd – unchanged at 31 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.

Related Stocks

BURSA 8.480
JAKS 0.815
KSTAR 0.240
MBG 1.360
MMAG 0.445
NAIM 0.800
PECCA 1.310
SALUTE 0.430


Login to comment.