CAP, Jadem, Nylex

TheEdge Thu, Mar 10, 2022 12:47pm - 3 months View Original

KUALA LUMPUR (March 10): highlighted three stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (March 10).

One stock indicated positive momentum, while two indicated negative momentum.

The stock with positive momentum was:

Jade Marvel Group Bhd — down one sen at 74 sen

The stocks with negative momentum were:

China Automobile Parts Holdings Ltd — unchanged at two sen

Nylex (Malaysia) Bhd — down 14 sen at 42 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

BURSA 6.600
CAP 0.015
JADEM 0.910
NYLEX 0.290


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