Power Root, Teo Seng, Ewein, Kawan Food, OSK, Pacific & Orient, Techna-X

TheEdge Fri, Apr 22, 2022 02:35pm - 2 years View Original


KUALA LUMPUR (April 22): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close on Friday. Two stocks displayed positive momentum, while five showed negative momentum.

 

Stocks with positive momentum were:

Power Root Bhd — up four sen at RM1.49

Teo Seng Capital Bhd — up four sen at 88.5 sen

 

Stocks with negative momentum were:

Ewein Bhd — up 1.5 sen at 34.5 sen

Kawan Food Bhd — up five sen at RM1.72

OSK Holdings Bhd — up 1.5 sen at 97.5 sen

Pacific & Orient Bhd — up three sen at RM1.16

Techna-X Bhd — unchanged at 10.5 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.






Related Stocks

BURSA 7.460
EWEIN 0.875
KAWAN 1.800
OSK 1.450
P&O 0.830
PWROOT 1.660
TECHNAX 0.015
TEOSENG 1.730

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