Rexit, Hextar Global, Jaya Tiasa, Lee Swee Kiat Group, Sarawak Oil Palms

TheEdge Fri, Jan 19, 2024 02:11pm - 3 months View Original


KUALA LUMPUR (Jan 19): theedgemalaysia.com highlighted one stock with positive momentum and four stocks with negative momentum at Bursa Malaysia's noon break on Friday.

The stock with positive momentum was:

  • Rexit Bhd — down three sen or 2.97% to 98 sen

The stocks with negative momentum were:

  • Hextar Global Bhd — up nine sen or 10.47% to 95 sen
  • Jaya Tiasa Holdings Bhd — up 3.5 sen or 3.52% to RM1.03
  • Lee Swee Kiat Group Bhd — up 3.5 sen or 4.32% to 84.5 sen
  • Sarawak Oil Palms Bhd — up six sen or 2.25% to RM2.73

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.






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BURSA 8.160
HEXTAR 0.900
JTIASA 1.190
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REXIT 1.120
SOP 2.900

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