SCIB, Barakah, D’nonce, EKA, FIHB, Komark, MQTech, OWG, Prestar, Privasia, RGB, RGT

TheEdge Thu, Jun 18, 2020 01:24pm - 10 months ago

KUALA LUMPUR (June 18): highlighted twelve  stocks with momentum at Bursa Malaysia's afternoon close today. Eleven displayed in negative momentum and one displayed in positive momentum

The stock with positive momentum was:

Sarawak Consolidated Industries Bhd - up 10 sen at RM2.12

The stock with negative momentum were:

Barakah offshore Bhd - down one sen at 3.5 sen

D’nonce Technology Bhd - up two sen at 30 sen

EKA Noodles Bhd - unchanged at four sen

Federal International Holdings Bhd - up half a sen at 59.5 sen

Komarkcorp Bhd - up four sen at 39 sen

MQ Technology Bhd - unchanged at four sen

Only World Group Bhd - down one sen at 40.5 sen

Prestar Resources Bhd - up three sen at 39 sen

Privasia Technology Bhd - up half a sen at 7.5 sen

RGB International Bhd - up one sen at 15.5 sen

RGT Bhd - up one sen at 30 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.

Related Stocks

BURSA 8.450
EKA 0.060
FIHB 0.570
KOMARK 0.165
MQTECH 0.080
PRIVA 0.150
RGB 0.125
RGTBHD 0.390
SCIB 1.550


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