Rexit, Amtel, Amway, Analabs, Glbhd, Khind, Latitud, MHC, PA, Solutn, XinHwa

TheEdge Thu, Nov 19, 2020 02:21pm - 5 months ago

KUALA LUMPUR (Nov 19): highlighted 11 stocks with momentum at Bursa Malaysia's afternoon break today.  One stock showed positive momentum while 10 stocks indicated positive momentum.

Stock with positive momentum was:

Rexit Bhd – up 4.5 sen at 89.5 sen

Stocks with negative momentum were:

Amtel Holdings Bhd – up 17 sen at RM1.60

Amway (Malaysia) Holdings Bhd – up 22 sen at RM5.34

Analabs Resources Bhd – up two sen at RM1.15

Golden Land Bhd – up four sen at 44 sen

Khind Holdings Bhd – up eight sen at RM2.23

Latitude Tree Holdings Bhd – down three sen at RM4.07

MHC Plantations Bhd – up four sen at 75.5 sen

P.A. Resources Bhd – up one sen at 14 sen

Solution Group Bhd – unchanged at 95.5 sen

Xin Hwa Holdings Bhd – up 2.5 sen at 40.5 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

AMTEL 1.010
AMWAY 5.420
BURSA 8.460
GLBHD 0.455
KHIND 3.580
MHC 0.830
REXIT 0.930
SOLUTN 1.150
XINHWA 0.405


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