IJMPlnt, Parlo, Sntoria, AsiaBrn, Bintai, SKPRes, SMCap
KUALA LUMPUR (Sept 23): theedgemarkets.com highlighted seven stocks at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum while four indicated negative momentum.
The stocks with positive momentum were:
IJM Plantations Bhd – down four sen at RM1.87
Parlo Bhd – up half a sen at 51.5 sen
Sentoria Group Bhd – up 1.5 sen at 15.5 sen
The stocks with negative momentum were:
Asia Brands Bhd – up half a sen at 51.5 sen
Bintai Kinden Corp Bhd – down nine sen at 68.5 sen
SKP Resources Bhd – down three sen at RM1.70
Sinmah Capital Bhd – up two sen at 25.5 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
2216 | 0.000 |
ASIABRN | 0.500 |
BINTAI | 0.075 |
BURSA | 7.400 |
PARLO | 0.100 |
SKPRES | 0.850 |
SMCAP | 0.095 |
SNTORIA | 0.065 |
Comments