Damansara Holdings, Innature, KPJ Healthcare, Encorp, Jade Marvel, Harbour-Link

Damansara Holdings, Innature, KPJ Healthcare, Encorp, Jade Marvel, Harbour-Link
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KUALA LUMPUR (Sept 29): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. Five stocks indicated negative momentum while one stock indicated positive momentum.

The stocks with negative momentum were:

Damansara Holdings Bhd — unchanged at 49.5 sen

Innature Bhd — up 1.5 sen at 71 sen

KPJ Healthcare Bhd — up six sen at RM1.16

Encorp Bhd — up three sen at 62.5 sen

Jade Marvel Group Bhd — up two sen at 59 sen

The stock with positive momentum was:

Harbour-Link Group Bhd — up 23 sen at RM1.24

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