Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (June 25): theedgemarkets.com has highlighted eight stocks with momentum at noon market close today. Two stocks displayed positive momentum, while the rest showed negative momentum.

The stocks with positive momentum are:

Cabnet Holdings Bhd — down 4.5 sen or 16.36% at 23 sen

Kanger International Bhd — up a sen or 11.11% at 10 sen

The stocks with negative momentum were:

CAB Cakaran Corp Bhd — up four sen or 11.27% at 39.5 sen

Leweko Resources Bhd — up 4.5 sen or 23.58% at 23.5 sen

Meridian Bhd — up half a sen or 6.67% at eight sen

Mesiniaga Bhd — down five sen or 4.76% at RM1

Privasia Technology Bhd — up half a sen or 6.67% at eight sen

Rev Asia Bhd — up 1.5 sen or 16.67% at 10.5 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.

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

      Print
      Text Size
      Share