Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 31): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while three had negative momentum.

Stocks with positive momentum were:

Sasbadi Holdings Bhd – up 2 sen at RM 1.42

MQ Technology Bhd – down 2 sen at RM 0.13

Stocks with negative momentum were:

RGB Interntional Bhd – up 0.5 sen at RM 0.215

Bio Osmo Bhd – unchanged at RM 0.06

Tatt Giap Group Bhd – up 1.5 sen at RM 0.135

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.?

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