ASB, ATA IMS, KKB, Melewar, Notion, Plastrade, Xidelang, YKGI

TheEdge Mon, Jan 20, 2020 01:30pm - 4 years View Original


KUALA LUMPUR (Jan 20): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. The list showed all eight stocks with negative momentum.

Stocks with negative momentum were:
Advance Synergy Bhd -- up 2 sen at 16 sen
ATA IMS Bhd -- up 1 sen at RM1.80
KKB Engineering Bhd -- up 4 sen at RM1.89  
Melewar Industrial Group Bhd -- up 2 sen at 30.5 sen
Notion Vtec Bhd -- up 8 sen at RM1.13
Plastrade Technology Bhd -- up 2 sen at 20 sen  
Xidelang Holdings Ltd -- up 1 sen at 15 sen
YKGI Holdings Bhd -- up 1 sen at 14.5 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

ARTRONIQ 0.255
ASB 0.110
ASTEEL 0.095
ATAIMS 0.275
BURSA 7.450
KKB 1.640
MELEWAR 0.250
NOTION 0.455
XDL 0.025

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