BFood, Vortex, Three-A Resources, Bonia, Oriental Food, Perstima, Sunzen, Trive Property, Rhone Ma, Focus Point

TheEdge Fri, Feb 11, 2022 01:57pm - 1 year View Original

KUALA LUMPUR (Feb 11): highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Feb 11).

Eight stocks showed negative momentum while the remaining two showed positive momentum.

The stocks with negative momentum were:

Berjaya Food Bhd (BFood) — up 72 sen at RM3.12

Vortex Consolidated Bhd — unchanged at eight sen

Three-A Resources Bhd — up four sen at RM1.13

Bonia Corp Bhd — up 13 sen at RM1.68

Oriental Food Industries Holdings Bhd — up one sen at 96 sen

Perusahaan Sadur Timah Malaysia (Perstima) Bhd — up 10 sen at RM4.14

Sunzen Biotech Bhd — up two sen at 30.5 sen

Trive Property Group Bhd — up half a sen at 10 sen

The stocks with positive momentum were:

Rhone Ma Holdings Bhd — up 3.5 sen at 77.5 sen

Focus Point Holdings Bhd — up 9.5 sen at 80.5 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

3A 0.780
BJFOOD 0.570
BONIA 1.840
BURSA 6.220
FOCUSP 0.735
HM 0.100
OFI 1.070
SUNZEN 0.210
TRIVE 0.080


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