WZ Satu, Al-Salam REIT, Barakah Offshore, Compugates, Dynaciate, Lotus KFM, MNRB, Multi-Usage Holdings, Pensonic, Scomi Energy, TH Heavy Engineering, Wellcall

WZ Satu, Al-Salam REIT, Barakah Offshore, Compugates, Dynaciate, Lotus KFM, MNRB, Multi-Usage Holdings, Pensonic, Scomi Energy, TH Heavy Engineering, Wellcall
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KUALA LUMPUR (March 17): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while 11 showed negative momentum.

The stock with positive momentum was:

WZ Satu Bhd — up 1.5 sen at 23.5 sen

The stocks with negative momentum were:

Al-Salam Real Estate Investment Trust (REIT) — unchanged at 60.5 sen

Barakah Offshore Petroleum Bhd — up four sen at 11.5 sen

Compugates Holdings Bhd — unchanged at three sen

Dynaciate Group Bhd — up half a sen at 15.5 sen

Lotus KFM Bhd — up three sen at 29 sen

MNRB Holdings Bhd — up nine sen at RM1.42

Multi-Usage Holdings Bhd — up 17 sen at 66.5 sen

Pensonic Holdings Bhd — unchanged at 68 sen

Scomi Energy Services Bhd — up 12 sen at 23.5 sen

TH Heavy Engineering Bhd — up one sen at 14 sen

Wellcall Holdings Bhd — up two sen at RM1.16

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

Lam Jian Wyn