Tomypak, SRidge, HTPadu, Ewein, Astino, Brahims, HaiO, Hextar, Jiankun, NTPM

TheEdge Mon, Oct 12, 2020 01:39pm - 3 years View Original


KUALA LUMPUR (Oct 12): theedgemarkets.com highlighted ten stocks at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum while the remaining six indicated negative momentum.

The stock with positive momentum was:

Tomypak Holdings Bhd – up 1.5 sen to 80 sen

Silver Ridge Holdings Bhd  - up two sen to 48 sen

Heitech Padu Bhd – up two sen to RM1.64

Ewein Bhd – up one sen to 40 sen

The stocks with negative momentum were:

Astino Bhd – up 22 sen to 90 sen

Brahim’s Holdings Bhd – up 0.5 sen to 27 sen

Hai-O Enterprise Bhd – up 14 sen to RM2.25

Hextar Global Bhd – unchanged at 70 sen

Jiankun International Bhd – up five sen to 49 sen

NTPM Holdings Bhd – up three sen to 72 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

ASTINO 0.585
BESHOM 0.880
BURSA 7.420
EWEIN 1.040
HEXTAR 0.875
HTPADU 1.970
JIANKUN 0.175
NTPM 0.400
SRIDGE 0.360
TOMYPAK 0.395

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