Carimin, Pertama Digital and Rhone Ma

TheEdge Thu, Feb 03, 2022 01:42pm - 1 year View Original

KUALA LUMPUR (Feb 3): highlighted three stocks at Bursa Malaysia’s afternoon close on Thursday (Feb 3). All three indicated positive momentum.

The stocks were:

Carimin Petroleum Bhd — up 4.5 sen at 87.5 sen

Pertama Digital Bhd — up 7.5 sen at 86 sen

Rhone Ma Holdings Bhd — down half a sen at 71.5 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.

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BURSA 6.220


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