Sarawak Oil Palms, Tanco, Chin Teck Plantations, Choo Bee, Fiamma, Matang, MNC, PGF, SMI, Vortex

TheEdge Mon, Apr 11, 2022 01:42pm - 1 year View Original


KUALA LUMPUR (April 11): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close on Monday (April 11).

Only one stock showed positive momentum and the other nine stocks displayed negative momentum. 

The stock with the positive momentum was: 

Sarawak Oil Palms Bhd — up 11 sen at RM5.82

The stocks with negative momentum were: 

Tanco Holdings Bhd — up 12.5 sen at 60.5 sen 

Chin Teck Plantations Bhd — up 12 sen at RM8.42

Choo Bee Metal Industries Bhd — up five sen at RM1.98

Fiamma Holdings Bhd — down half a sen at 94.5 sen 

Matang Bhd — up half a sen at 11 sen 

MNC Wireless Bhd — up 1.5 sen at 4.5 sen 

PGF Capital Bhd — up two sen at 81 sen 

South Malaysia Industries Bhd (SMI) — unchanged at 30.5 sen 

Vortex Consolidated Bhd — up three sen at 16 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 7.460
CHINTEK 7.600
CHOOBEE 0.870
FIAMMA 0.940
HM 0.115
MATANG 0.085
MNC 0.135
PGF 1.740
SMI 0.570
SOP 3.080
TANCO 0.840

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