Thursday 30 May 2024
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KUALA LUMPUR (April 3): theedgemalaysia.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Two stocks showed positive momentum, while 12 stocks showed negative momentum.

The stocks with positive momentum were:

  • Maxim Global Bhd — up 2.5 sen or 6.17% at 43 sen
  • NCT Alliance Bhd — up three sen or 5.88% at 54 sen

The stocks with negative momentum were:

  • AWC Bhd — up 12.5 sen or 18.8% at 79 sen
  • CPE Technology Bhd — up two sen or 1.85% at RM1.10
  • Epicon Bhd — up 2.5 sen or 5.49% at 48 sen
  • Panasonic Manufacturing Malaysia Bhd — up two sen or 0.10% at RM19.10
  • Poh Kong Holdings Bhd — up 1.5 sen or 1.59% at 96 sen
  • Poh Huat Resources Holdings Bhd — down one sen or 0.66% at RM1.50
  • Radium Development Bhd — up 2.5 sen or 5.95% at 44.5 sen
  • SNS Network Technology Bhd — up seven sen or 21.21% at 40 sen
  • Superlon Holdings Bhd — up seven sen or 6.8% at RM1.10
  • Techbond Group Bhd — up one sen or 2.33% at 44 sen
  • TRC Synergy Bhd — up one sen or 2.02% at 50.5 sen
  • WMG Holdings Bhd — unchanged at 21 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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