Country Heights, AHB, Oversea Enterprise, SMTrack, Versatile Creative, FSBM

TheEdge Fri, Dec 31, 2021 02:29pm - 7 months View Original

KUALA LUMPUR (Dec 31): highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Dec 31). Four displayed negative momentum, while two indicated positive momentum.

The stocks with negative momentum were:

Oversea Enterprise Bhd — up half a sen at 11 sen

SMTrack Bhd — up one and a half sen at 19 sen

Versatile Creative Bhd — down on sen at 67 sen

FSBM Holdings Bhd — up three sen at 20 sen

The stocks with positive momentum were:

Country Heights Holdings Bhd — up three sen at RM1.78

AHB Holdings Bhd — up one sen at 13.5 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.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

AHB 0.140
BURSA 6.580
CHHB 0.545
FSBM 0.245


Login to comment.