Tashin, AYS, YKGI, Industronics, Sin Heng Chan, Samchem, Jade Marvel, Fajarbaru, CYL, KYM, Pansar, LB Aluminium

Tashin, AYS, YKGI, Industronics, Sin Heng Chan, Samchem, Jade Marvel, Fajarbaru, CYL, KYM, Pansar, LB Aluminium
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KUALA LUMPUR (Feb 24): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia's afternoon break today. Four stocks displayed positive momentum, while eight stocks indicated negative momentum.

 

The stocks with positive momentum were:

Tashin Holdings Bhd — up 5.5 sen to 47.5 sen

AYS Ventures Bhd — up 22.5 sen to 51 sen

YKGI Holdings Bhd — up nine sen to 26.5 sen

Industronics Bhd — up five sen to 54 sen

 

The stocks with negative momentum were:

Sin Heng Chan (Malaya) Bhd — up two sen to 58 sen

Samchem Holdings Bhd — up a sen to RM1.47

Jade Marvel Group Bhd — up 12 sen to RM1.27

Fajarbaru Builder Group Bhd — up 4.5 sen to 72.5 sen

CYL Corp Bhd — up 16.5 sen to 66.5 sen

KYM Holdings Bhd — up a sen to 40.5 sen

Pansar Bhd — up 2.5 sen to 78.5 sen

LB Aluminium Bhd — up 2.5 sen to 75 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

Joyce Goh