Ralco, Bertam Alliance, Cabnet, Chin Hin Group Property, Cuscapi, Eastland Equity, Fima Corp, Key Asic, Kia Lim, KYM, Malaysia Smelting, Pelikan, Pelangi, Puncak Niaga, Sapura Industrial, Sarawak Cable, Scope Industries, Sealink, Widetech

TheEdge Tue, Feb 16, 2021 01:49pm - 2 months ago

KUALA LUMPUR (Feb 16): theedgemarkets.com highlighted 19 stocks with momentum at Bursa Malaysia's afternoon close today. One stock showed positive momentum while 18 stocks displayed negative momentum.

The stock with positive momentum was:

Ralco Corp Bhd – up 21 sen at RM1.13

The stocks with negative momentum were:

Bertam Alliance Bhd – up two sen at 16 sen

Cabnet Holdings Bhd – up one sen at 25 sen

Chin Hin Group Property Bhd – up two sen at 88 sen

Cuscapi Bhd – up four sen at 25 sen

Eastland Equity Bhd – up one sen at 14 sen

Fima Corp Bhd – unchanged at RM1.78

Key Asic Bhd – up half a sen at 11 sen

Kia Lim Bhd – up 1.5 sen at 37 sen

KYM Holdings Bhd – up half a sen at 40 sen

Malaysia Smelting Corp Bhd – up 24 sen at RM2.73

Pelikan International Corp Bhd – up 1.5 sen at 38 sen

Pelangi Publishing Group Bhd – up half a sen at 39 sen

Puncak Niaga Holdings Bhd – up three sen at 41 sen

Sapura Industrial Bhd – up 13 sen at 99 sen

Sarawak Cable Bhd – up four sen at 48.5 sen

Scope Industries Bhd – up 1.5 sen at 32.5 sen

Sealink International Bhd – up one sen at 18 sen

Widetech (Malaysia) Bhd – up 37 sen at RM1.62

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

BERTAM 0.115
BURSA 8.200
CABNET 0.260
PUNCAK 0.470
RALCO 1.240
SCOPE 0.230


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