Bina Puri, Chin Hin Group Property, K-Star, MCE, MMAG, RGT, Technodex, Wong Engineering, HB Global

TheEdge Thu, Sep 17, 2020 02:02pm - 3 years View Original


KUALA LUMPUR (Sept 17): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Eight stocks indicated negative momentum while one stock showed positive momentum. 

The stocks with negative momentum were:

Bina Puri Holdings Bhd — up 0.5 sen at 10.5 sen

Chin Hin Group Property Bhd — up five sen at 52 sen

K-Star Sports Ltd — up two sen at 19 sen

MCE Holdings Bhd — up 5.5 sen at 84.5 sen

MMAG Holdings Bhd — up 21 sen at RM1.70

RGT Bhd — up 2.5 sen at 52.5 sen 

Technodex Bhd — up two sen at 18 sen 

Wong Engineering Corp Bhd — up three sen at 70 sen

The stock with positive momentum was:

HB Global Ltd — up 3.5 sen at 20 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

BPURI 0.075
BURSA 7.460
CHGP 1.180
HBGLOB 0.095
MCEHLDG 1.650
MMAG 0.175
RGTBHD 0.220
SINARAN 0.060
TDEX 0.070
WONG 0.275

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