Minho, Prolexus, YTL Corp, YTL Power, Malpac, TWL

TheEdge Fri, Apr 08, 2022 02:00pm - 4 months View Original


KUALA LUMPUR (April 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Friday (April 8).

Four stocks showed positive momentum, while two indicated negative momentum.

 

The stocks with positive momentum were:

Minho (M) Bhd — up one sen at 37 sen

Prolexus Bhd — down four sen at 69 sen

YTL Corp Bhd — up four sen at 65 sen

YTL Power International Bhd — up eight sen at 75.5 sen

 

The stocks with negative momentum were:

Malpac Holdings Bhd — down one sen at RM1.26

TWL Holdings Bhd — up half a sen at 8.5 sen

 

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with 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 6.580
MALPAC 1.030
MINHO 0.335
PRLEXUS 0.400
TWL 0.065
YTL 0.560
YTLPOWR 0.725

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