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SMTrack, PRG, LYC, MNC, MFCB

TheEdge Tue, Sep 24, 2019 01:09pm - 4 months ago


KUALA LUMPUR (Sept 24): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's noon market close today. Two stocks displayed positive momentum while three stocks displayed negative momentum.

The stocks with positive momentum were:

SMTrack Bhd  - up 0.5 sen to 26.5 sen

PRG Holdings Bhd – up 9 sen to RM1.17

The stocks with negative momentum were:

LYC Healthcare Bhd – down 2 sen to 38 sen

MNC Wireless Bhd – unchanged at 11.5 sen

Mega First Corp Bhd (MFCB) - up 1 sen at RM4.20

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 5.970
LYC 0.295
MFCB 5.280
MNC 0.020
PRG 0.565
SMTRACK 0.100

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