AT Systematization, BSL, Artroniq, HIL, Integrated Logistics, IQ Group, MQREIT, Metronic, South Malaysia Industries, Technodex

TheEdge Thu, Nov 12, 2020 01:54pm - 6 months ago

KUALA LUMPUR (Nov 12): highlighted 10 stocks with momentum at Bursa Malaysia's afternoon break today.  Eight stocks showed negative momentum while two stocks indicated positive momentum.

Stocks with positive momentum were:

AT Systematization Bhd – down 2.5 sen at 24.5 sen

BSL Corp Bhd – up 1.5 sen at 35 sen

Stocks with negative momentum were:

Artroniq Bhd – up 3.5 sen at 27 sen

HIL Industries Bhd – up 10 sen at RM1.17

Integrated Logistics Bhd – up eight sen at 66.5 sen

IQ Group Holdings Bhd – up seven sen at RM1.34

MRCB-Quill REIT – up three sen at 82.5 sen

Metronic Global Bhd – up six sen at 14.5 sen

South Malaysia Industries Bhd – up 0.5 sen at 18.5 sen

Technodex Bhd – up one sen at 21.5 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

AT 0.090
BURSA 8.200
HIL 0.950
ILB 0.500
MRCB 0.440
SMI 0.210
TDEX 0.165


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