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Stocks With Momentum Technodex, KESM, Hai-O, PMB, Tiong Nam, LB Aluminium
by Cals Fri 01 Jul 2016, 01:26
- Stocks With Momentum
[size=28]Technodex, KESM, Hai-O, PMB, Tiong Nam, LB Aluminium
By Tan Siew Mung / theedgemarkets.com | June 30, 2016 : 1:58 PM MYTKUALA LUMPUR (June 30): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and three with negativemomentum.
The stocks with positive momentum are:
Technodex Bhd – down 0.5 sen at 13 sen.
KESM Industries Bhd – up 32 sen at RM5.55.
Hai-O Enterprise Bhd – up 6 sen at RM2.79.
The stock with negative momentum are:
PMB Technology Bhd – up 2 sen at RM1.36.
Tiong Nam Logistics Holdings Bhd – up 4 sen at RM1.49
LB Aluminium Bhd – up 1 sen at 59 sen.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in tradingvolume 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 whichstocks 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.
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