Friday 21 Jun 2024
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KUALA LUMPUR (Dec 21): highlighted six stocks with momentum during Bursa Malaysia’s afternoon close on Thursday. Three stocks displayed positive momentum, while the remaining three stocks displayed negative momentum.      

The stocks with positive momentum were:

  • Turiya Bhd — down half a sen or 2% to 24.5 sen
  • TAS Offshore Bhd — up five sen or 13.51% to 42 sen
  • MCE Holdings Bhd  — up ten sen or 4% to RM2.60

The stocks with negative momentum were:     

  • GFM Services Bhd — up one sen or 3.64% to 28.5 sen
  • TWL Holdings Bhd — up half a sen or 14.29% to four sen
  • Rex Industry Bhd — up half a sen or 4% to 13 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
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