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21 February 2023. Tuesday
KUALA LUMPUR (Feb 21): theedgemarkets.com highlighted four stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia’s afternoon close on Tuesday (Feb 21).
The stocks with positive momentum were:
Apex Equity Holdings Bhd – up four sen or 3.36% at RM1.23
MBM Resources Bhd – up 12 sen or 3.17% at RM3.91
Lii Hen Industries Bhd – up 3.5 sen or 4.09% at 89 sen
EG Industries Bhd – up 15 sen or 17.44% at RM1.01
The stocks with negative momentum were:
SMRT Holdings Bhd – up 1.5 sen or 5.45% at 29 sen
BCB Bhd – up one sen or 3.57% at 29 sen
LFE Corp Bhd – up 1.5 sen or 12.50% at 13.5 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.