Thursday 28 Mar 2024
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KUALA LUMPUR (March 12): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, while four stocks indicated negative momentum.

The stock with positive momentum was: -

GHL Systems Bhd – unchanged at RM1.75

The stocks with negative momentum were:

Supermax Corp Bhd – up nine sen at RM1.82

Top Glove Corp Bhd – up 39 sen at RM6.67

Kossan Rubber Industries Bhd – up 27 sen at RM5.39

Rubberex Corp (M)  Bhd – up four sen at 87.5 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.

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

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