Apex Health, Bursa, GDB, Fiamma, Lagenda, Lay Hong, MYMBN, MYEG, Panda, Scientex, Tasco, Tiong Nam
Apex Health, Bursa, GDB, Fiamma, Lagenda, Lay Hong, MYMBN, MYEG, Panda, Scientex, Tasco, Tiong Nam
KUALA LUMPUR (May 8): theedgemalaysia.com highlighted three stocks with positive momentum and nine stocks with negative momentum at Bursa Malaysia’s afternoon close on Wednesday.
The stocks with positive momentum were:
- Apex Healthcare Bhd (KL: AHEALTH) — up nine sen to RM3.39
- Bursa Malaysia Bhd (KL: BURSA) — up 17 sen to RM7.94
- GDB Holdings Bhd (KL: GDB) — unchanged at 33 sen
The stocks with negative momentum were:
- Fiamma Holdings Bhd (KL: FIAMMA) — up four sen to RM1.21
- Lagenda Properties Bhd (KL: LAGENDA) — up 10 sen to RM1.65
- Lay Hong Bhd (KL: LAYHONG) — up two sen to 41.5 sen
- MyMBN Bhd (KL: MBN) — unchanged at 18 sen
- My EG Services Bhd (KL: MYEG) — up 5.5 sen to 97.5 sen
- Panda Eco System Bhd (KL: PANDA) — down half a sen to 33.5 sen
- Scientex Bhd (KL: SCIENTX) — up 10 sen to RM4.38
- Tasco Bhd (KL: TASCO) — up two sen to 86.5 sen
- Tiong Nam Logistics Bhd (KL: TNLOGIS) — up 2.5 sen to 81.5 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