Friday 29 Mar 2024
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KUALA LUMPUR (May 25): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed one stock with positive momentum and five stocks with negative momentum.

Stocks with positive momentum were:

MNC Wireless Bhd – unchanged at 26.5 sen

Stocks with negative momentum were:

Muar Ban Lee Group Bhd – unchanged at 90.5 sen

Eonmetall Group Bhd – unchanged at 60.5 sen

O&C Resources Bhd – unchanged at 68.5 sen

Versatile Creative Bhd – unchanged at RM1.56

Leader Steel Holdings Bhd – unchanged at 35 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

 

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