Friday 29 Mar 2024
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KUALA LUMPUR (Oct 20): theedgemarkets.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Oct 20).

The stocks with positive momentum were:

  • APB Resources Bhd — up two sen at RM1.26
  • PGF Capital Bhd — up three sen at RM1.31

The stocks with negative momentum were:

  • Privasia Technology Bhd — up 1.5 sen at 12 sen
  • Kretam Holdings Bhd — up 1.5 sen at 60.5 sen
  • Alam Maritim Resources Bhd - up half a sen at 3.5 sen
  • Innoprise Plantations Bhd — up four sen at RM1.56

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 ByLam Jian Wyn
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