Friday 29 Mar 2024
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KUALA LUMPUR (June 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and one with negative momentum.

The stocks with positive momentum were:

Pasukhas Group Bhd – up 1 sen at 17.5 sen

Comfort Gloves Bhd – up 4 sen at 88 sen

Merge Energy Bhd – down 1 sen at 39 sen

SIG Gases Bhd – up 9 sen at 91 sen

The stock with negative momentum was:

Aluminium Company of Malaysia Bhd – up 13 sen at RM2.23

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.

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