Monday 24 Jun 2024
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KUALA LUMPUR (April 8): highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while eight showed negative momentum.

The stock with positive momentum was:

LB Aluminium Bhd — up six sen at RM1.08

The stocks with negative momentum were:

Baba Eco Group Bhd — unchanged at 26 sen

BLD Plantation Bhd — up 35 sen at RM9

Central Global Bhd (CGB) — up 10 sen at RM2.08

Mercury Industries Bhd — up 18 sen at RM1.19

Eversendai Corp Bhd — down three sen at 28 sen

Tashin Holdings Bhd — down half a sen at 49 sen

TRC Synergy Bhd — up half a sen at 40 sen

Yoong Onn Corp Bhd (YOCB) — up half a sen at RM1

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

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