JTiasa, HSPlant, FGV, KPS, Inno, NGGB, AHB, Cepat, Kretam, Padini

JTiasa, HSPlant, FGV, KPS, Inno, NGGB, AHB, Cepat, Kretam, Padini
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KUALA LUMPUR (Feb 24): theedgemarkets.com highlighted 10 stocks at Bursa Malaysia’s afternoon close on Thursday (Feb 24). Eight indicated negative momentum, while two were positive.

The stocks with negative momentum were:

Jaya Tiasa Holdings Bhd — up four sen at 93 sen

Hap Seng Plantations Holdings Bhd — up 28 sen at RM2.63

FGV Holdings Bhd — up  two sen at RM1.91

Kumpulan Perangsang Selangor Bhd — down 1.5 sen at 76 sen

Innorise Plantations Bhd — up one sen at RM1.95  

Nextgreen Global Bhd — down seven sen at RM1.07

AHB Holdings Bhd — up half a sen at 24 sen

Cepatwawasan Group Bhd — up 1.5 sen at 91.5 sen

The stocks with positive momentum were:

Kretam Holdings Bhd — up 2.5 sen at 65.5 sen

Padini Holdings Bhd — up 29 sen at RM3.41

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

Surin Murugiah