Eita Resources, Rapid Synergy, Econframe, Key Asic, Oriental Food, PWF Corp

TheEdge Tue, Oct 24, 2023 02:28pm - 6 months View Original


KUALA LUMPUR (Oct 24): theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum during Bursa Malaysia's noon break on Tuesday.

The stocks with positive momentum were:

  • Eita Resources Bhd - up two sen to 77 sen
  • Rapid Synergy Bhd - down 74 sen to RM25.54

The stocks with negative momentum were:

  • Econframe Bhd - up 4.5 sen to 91.5 sen
  • Key Asic Bhd - up half a sen to 10 sen
  • Oriental Food Industries Holdings Bhd - up two sen to RM1.40
  • PWF Corp Bhd - up 3.5 sen to 70.5 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

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.680
EFRAME 0.755
EITA 0.835
KEYASIC 0.050
OFI 2.000
PWF 0.880
RAPID 0.705

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