Monday 22 Jul 2024
By
main news image

KUALA LUMPUR (June 10): theedgemalaysia.com highlighted 20 stocks with momentum at Bursa Malaysia’s afternoon close on Monday. All 20 stocks showed negative momentum.

The stocks with negative momentum were:

    Sunview Group Bhd (KL:SUNVIEW) — down one sen or 1.42% at 69.5 sen

    KGW Group Bhd (KL:KGW) — up 2.5 sen or 11.11% at 25 sen

    Luster Industries Bhd (KL:LUSTER) — unchanged at eight sen

    Eco World Development Group Bhd (KL:ECOWLD) — up nine sen or 5.66% at RM1.68

    Shin Yang Group Bhd (KL:SYGROUP) — up 4.5 sen or 6% at 79.5 sen

    Solid Automotive Bhd (KL:SOLID) — up 1.5 sen or 7.69% at 21 sen

    Malakoff Corp Bhd (KL:MALAKOF) — up three sen or 3.7% at 84 sen

    Kumpulan Perangsang Selangor Bhd (KL:KPS) — up 2.5 sen or 3.13% at 82.5 sen

    KUB Malaysia Bhd (KL:KUB) — up nine sen or 11.69% at 86 sen

    Hubline Bhd (KL:HUBLINE) — up three sen or 75% at seven sen

    Zecon Bhd (KL:ZECON) — up 3.5 sen or 8.05% at 47 sen

    Astino Bhd (KL:ASTINO) — up one sen or 1.48% at 68.5 sen

    Cheetah Holdings Bhd (KL:CHEETAH) — up one sen or 6.67% at 16 sen

    Pintaras Jaya Bhd (KL:PTARAS) — up three sen or 1.69% at RM1.81

    Brite-Tech Bhd (KL:BTECH) — up three sen or 8.22% at 39.5 sen

    Nova MSC Bhd (KL:NOVAMSC) — up three sen or 26.09% at 14.5 sen

    Mikro MSC Bhd (KL:MIKROMB) — up half a sen or 2.08% at 24.5 sen

    Bm Greentech Bhd (KL:BMGREEN) — up 13 sen or 7.88% at RM1.78

    Haily Group Bhd (KL:HAILY) — up 1.5 sen or 2.75% at 56 sen

    Siab Holdings Bhd (KL:SIAB) — up two sen or 14.81% at 15.5 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
      Print
      Text Size
      Share