KUALA LUMPUR (April 29): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s 5pm close on Friday (April 29, 2022).
Two stocks indicated positive momentum, while five showed negative momentum.
Stocks with positive momentum were:
Talam Transform Bhd – unchanged at 2.5 sen
Techna-X Bhd – up 0.5 sen at 12.5 sen
Meanwhile, the stocks with negative momentum were:
Dynaciate Group Bhd — up 1.5 sen at 14 sen
EUPE Corp Bhd — up 0.5 sen at 84 sen
Genting Malaysia Bhd — up seven sen at RM3.05
Hengyuan Refining Company Bhd — up 60 sen at RM5.81
Petron Malaysia Refining & Marketing Bhd - up 25 sen at RM5.50
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