Gas Malaysia, Ajiya, Pan Malaysia, Sinaran Advance

TheEdge Fri, Mar 18, 2022 01:37pm - 3 months View Original

KUALA LUMPUR (March 18): highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Friday (March 18). 

Two stocks displayed positive momentum, while the other two indicated negative momentum.

The stocks with positive momentum were:

Gas Malaysia Bhd — up six sen at RM2.73

Ajiya Bhd — down five sen at RM1.20

The stocks with negative momentum were:

Pan Malaysia Corp Bhd — down half a sen at 13.5 sen

Sinaran Advance Group Bhd — unchanged at 8.5 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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AJIYA 1.020
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