Monday 17 Jun 2024
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KUALA LUMPUR (Oct 1): highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Two stock had positive momentum, while three had negative momentum.

Stocks with positive momentum were:

Kejuruteraan Asastera Bhd — up 4 sen at 41 sen

Public Packages Holdings Bhd — up 1.5 sen at 67 sen

Stocks with negative momentum were:

LYC Healthcare Bhd – up 1 sen at 38 sen

Prolexus Bhd – up 11.5 sen at 80.5 sen

Sern Kou Resources Bhd – up 1 sen at 79 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.

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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