Monday 17 Jun 2024
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KUALA LUMPUV (Nov 11): highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Nov 11). Two stocks displayed positive momentum, while three showed negative momentum.

The stocks with positive momentum were:

Three-A Resources Bhd — up six sen at RM1.10

Multi-Usage Holdings Bhd — up two sen at 79.5 sen

Seremban Engineering Bhd — up six sen at RM1.36

The stocks with negative momentum were:

ACO Group Bhd — up two sen at 35.5 sen

Jade Marvel Group Bhd — up one sen at 67 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

Edited ByLam Jian Wyn
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