Dynacia, TechnaX, Sntoria, EUPE, Favco, SCGM, Jetson

Dynacia, TechnaX, Sntoria, EUPE, Favco, SCGM, Jetson
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KUALA LUMPUR (May 6): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Friday (May 6).

One stock displayed positive momentum, while the other six indicated negative momentum.

The stock with positive momentum was:

Dynaciate Group Bhd — up half a sen at 14.5 sen

The stocks with negative momentum were:

Techna-X Bhd — up half a sen at 12.5 sen

Sentoria Group Bhd — unchanged at 20 sen

EUPE Corp Bhd — down half a sen at 83 sen

Favelle Favco Bhd — up 55 sen at RM3.13

SCGM Bhd — up six sen at RM2.40

Kumpulan Jetson Bhd — up three sen at 24.5 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

Surin Murugiah