FGV, Boustead, IOI, Hibiscus, Hap Seng Plantations, Leong Hup, MRCB, Poh Kong, United Plantations, Malayan Flour Mills, Tomei, Alcom, Yenher, CAM Resources, CWG, Sin Heng Chan, Country Heights

TheEdge Fri, Feb 18, 2022 02:15pm - 9 months View Original

KUALA LUMPUR (Feb 18): theedgemarkets.com highlighted 17 stocks at Bursa Malaysia's afternoon close on Friday (Feb 18). Sixteen stocks showed negative momentum while only one stock had positive momentum.


The stocks with negative momentum were:

FGV Holdings Bhd — up 11 sen at RM1.86

Boustead Holdings Bhd — up three sen at 62.5 sen

IOI Corp Bhd — up 22 sen at RM4.55

Hibiscus Petroleum Bhd — up 10 sen at RM1.24

Hap Seng Plantations Holdings Bhd — up five sen at RM2.37

Leong Hup International Bhd — up 1.5 sen at 57 sen

Malaysian Resources Corp Bhd (MRCB) — up half a sen at 36.5 sen

Poh Kong Holdings Bhd — up one sen at 85.5 sen

United Plantations Bhd — up 58 sen at RM15

Malayan Flour Mills Bhd — up 2.5 sen at 67 sen

Tomei Consolidated Bhd — up one sen at RM1.04

Alcom Group Bhd — up 10 sen at RM1.06

Yenher Holdings Bhd — up one sen at 86 sen

CAM Resources Bhd — up one sen at 38 sen

CWG Holdings Bhd — up half a sen at 49.5 sen

Sin Heng Chan (Malaya) Bhd — up one sen at 55 sen


The stock with positive momentum was:

Country Heights Holdings Bhd — up 11 sen at RM2.02


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

ALCOM 0.900
BSTEAD 0.625
BURSA 6.950
CAMRES 0.340
CHHB 0.445
CWG 0.330
FGV 1.370
LHI 0.530
MFLOUR 0.790
MRCB 0.330
SHCHAN 0.325
TOMEI 0.960
UTDPLT 14.640
YENHER 0.835


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