Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive momentum and seven showed negative momentum.

The stocks with positive momentum are:

Hibiscus Petroleum Bhd — up 1.5 sen at 31.5 sen

Homeritz Corp Bhd — up three sen at 96.5 sen

The stocks with negative momentum are:

TPC Plus Bhd — up three sen at 51 sen

Century Logistics Holdings Bhd — up 3.5 sen at 97.5 sen

Rimbunan Sawit Bhd — up half sen at 52 sen

I-Bhd — up 1.5 sen at 62.5 sen

Keck Seng (Malaysia) Bhd — up two sen at 46.5 sen

Nylex (Malaysia) Bhd — up 1.5 sen at 73 sen

Euro Holdings Bhd — flat at 24 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.

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