Thursday 28 Mar 2024
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KUALA LUMPUR (March 21): theedgemarkets.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia’s afternoon close on Tuesday (March 21).

The stocks with positive momentum were:

  • Poh Kong Holdings Bhd — down 1.54% or 15 sen at 96 sen
  • Tomei Consolidated Bhd — down 1.61% or two sen at RM1.22

The stocks with negative momentum were:

  • Ancom Logistics Bhd — up 5.56% or one sen at 19 sen 
  • Silver Ridge Holdings Bhd — unchanged at 25 sen
  • AirAsia X Bhd — down 6.67% or one sen at RM1.38
  • Astral Asia Bhd — down 7.41% or one sen at 12 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

Edited ByIsabelle Francis
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