Friday 19 Jul 2024
main news image

KUALA LUMPUR (Feb 17): highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Feb 17). Only one stock displayed positive momentum, while the other seven indicated negative momentum.

The stock with positive momentum was:

  • Sasbadi Holdings Bhd ― up 2.5 sen at 15 sen

The stocks with negative momentum were:

  • Cuscapi Bhd ― down half a sen at 24.5 sen
  • SMRT Holdings Bhd ― up seven sen at 30.5 sen
  • Ocean Vantage Holdings Bhd ― up one sen at 22.5 sen
  • Minda Global Bhd ― up 1.5 sen at nine sen
  • MCE Holdings Bhd ― up six sen at RM1.94
  • Success Transformer Corp Bhd ― up half a sen at 75 sen
  • KYM Holdings Bhd ― up one sen at 66 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 BySurin Murugiah
      Text Size