THPlant, Daya, NadiBhd, NGGB, Ajiya, Aneka, Apollo, Cypark, Insas, Menang, MHC, RGtech

TheEdge Wed, Oct 20, 2021 01:41pm - 8 months View Original


KUALA LUMPUR (Oct 20): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Three stocks showed positive momentum, while nine stocks displayed negative momentum.

The stocks with positive momentum were:

TH Plantations Bhd – up five sen at 77.5 sen

Daya Materials Bhd – up half a sen at two sen

Gagasan Nadi Cergas Bhd – up one sen at 32 sen

The stocks with negative momentum were:

Nextgreen Global Bhd – up 10 sen at RM1.18

Ajiya Bhd – up two sen at 61 sen

Aneka Jaringan Holdings Bhd – up one sen at 28 sen

Apollo Food Holdings Bhd – unchanged at RM4.20

Cypark Resources Bhd – up one sen at 99.5 sen

Insas Bhd – up three sen at RM1.03

Menang Corporation (M) Bhd – up one sen at 64 sen

MHC Plantations Bhd – up four sen at RM1.09

Radiant Globaltech Bhd – up one sen at 38 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

AJIYA 1.040
ANEKA 0.165
APOLLO 3.700
BURSA 6.550
CYPARK 0.435
INSAS 0.760
MHC 0.905
NADIBHD 0.275
NGGB 0.855
PGB 0.120
RGTECH 0.355
THPLANT 0.610

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