Friday 02 Jun 2023
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KUALA LUMPUR (March 23): highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (March 23). Four stocks showed positive momentum, while only one stock showed negative momentum.

The stocks with positive momentum were:

  • Silver Ridge Holdings Bhd — up 1.92% or half a sen at 26 sen
  • Sunway Real Estate Investment Trust (Sunway REIT) — up 4.55% or seven sen at RM1.61
  • YTL Power International Bhd — unchanged at 89 sen
  • PIE Industrial Bhd — up 0.28% or one sen at RM3.53

The stock with negative momentum was:

  • Poh Kong Holdings Bhd — up 2.78% or 2.5 sen at 92 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

Edited By Isabelle Francis
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