South Malaysia Industries, Zhulian, Imaspro

TheEdge Thu, Jan 20, 2022 01:53pm - 2 years View Original


KUALA LUMPUR (Jan 20): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Jan 20). All three stocks indicated positive momentum.

The stocks with positive momentum were:

South Malaysia Industries Bhd — up 0.5 sen at 25.5 sen

Zhulian Corp Bhd — up five sen at RM1.96

Imaspro Corp Bhd — down four sen at RM2.61

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

BURSA 7.460
IMASPRO 1.190
SMI 0.570
ZHULIAN 1.410

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