Ancom, Cheetah, CN Asia, Daya, Geshen, Menang, Microln, N2N, Scope, TA, Texchem, Theta, Vivocom

TheEdge Mon, Jul 13, 2020 01:26pm - 6 months ago

KUALA LUMPUR (July 13): highlighted 13 stocks with negative momentum at Bursa Malaysia’s afternoon close today.

The stocks with negative momentum were:

Ancom Bhd - up 2.5 sen at 78 sen

Cheetah Holdings Bhd - down 1.5 sen at 33 sen

CN Asia Corp Bhd - unchanged at 86 sen

Daya Materials Bhd - unchanged at one sen

Ge-Shen Corp Bhd - up 4.5 sen at 49.5 sen

Menang Corp (M) Bhd - up 1.5 sen at 42 sen

Microlink Solutions Bhd - up 21 sen at RM1.25

N2N Connect Bhd - up 1.5 sen at 85 sen

Scope Industries Bhd - down half a sen at 19 sen

TA Enterprise Bhd - up one sen at 55 sen

TexChem Resources Bhd - up 23 sen at 85.5 sen

Theta Edge Bhd - unchanged at 38.5 sen

Vivocom Intl Holdings Bhd - up half a sen at 4.5 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.

Related Stocks

ANCOM 1.130
BURSA 8.730
CNASIA 1.440
DAYA 0.010
GESHEN 1.110
MENANG 0.560
N2N 0.730
SCOPE 0.280
TA 0.650
THETA 0.840


Login to comment.