Thursday 28 Mar 2024
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KUALA LUMPUR (Feb 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and four with negative momentum.

Stocks with positive momentum were:

Johore Tin Bhd – up 8 sen at RM1.28

Vsolar Group Bhd – unchanged at 16 sen

Stocks with negative momentum were:

Barakah Offshore Petroleum Bhd – unchanged at 13.5 sen

KKB Engineering Bhd – up 2 sen at 97.5 sen

Naim Holdings Bhd – down 1.5 sen at 69.5 sen

Teo Seng Capital Bhd – up 3 sen at RM1.17

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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com

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