Friday 21 Jun 2024
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KUALA LUMPUR (March 8): theedgemalaysia.com highlighted nine stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

The stocks with negative momentum were:

  • Evd Bhd — down one sen or 5.9% at 16 sen
  • Vstecs Bhd — up eight sen or 4.4% at RM1.91
  • Ingenieur Gudang Bhd — unchanged at 14.5 sen
  • Avaland Bhd — up two sen or 6.5% at 33 sen
  • Golden Pharos Bhd — up 6.5 sen or 12.4% at 59 sen
  • Malaysia Smelting Corp Bhd — up six sen or 2.9% at RM2.13
  • Bina Darulaman Bhd — up two sen or 6.4% at 33.5 sen
  • Kumpulan Fima Bhd — up two sen or 1.0% at RM1.97
  • Infraharta Holdings Bhd — up one sen or 6.1% at 17.5 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 www.absolutelystocks.com

Edited BySurin Murugiah
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