Friday 29 Mar 2024
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KUALA LUMPUR (Sept 27): theedgemarkets.com highlighted three stocks at Bursa Malaysia's afternoon close on Tuesday (Sept 27).  

Two stocks had positive momentum, while one had negative momentum.

The stocks with positive momentum were: 

  • Pecca Group Bhd — up five sen at 91 sen 
  • Tan Chong Motor Holdings Bhd — unchanged at RM1.15 

The stock with negative momentum was:

  • Computer Forms (Malaysia) Bhd — down two sen at RM1.40 

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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