Tex Cycle, Inta Bina, Magni-Tech, MMAG, GFM, OSK, Fajarbaru

TheEdge Tue, Mar 19, 2024 02:49pm - 1 month View Original


KUALA LUMPUR (March 19): theedgemalaysia.com highlighted three stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.

The stocks with positive momentum were:

  • Tex Cycle Technology (M) Bhd — up half a sen or 0.55% to 91.5 sen
  • Inta Bina Group Bhd — up two sen or 6.78% to 31.5 sen
  • Magni-Tech Industries Bhd — up 12 sen or 5.91% to RM2.15

The stocks with negative momentum were:

  • MMAG Holdings Bhd — up half a sen or 3.57% to 14.5 sen
  • GFM Services Bhd — up three sen or 9.23% to 35.5 sen
  • OSK Holdings Bhd — up one sen or 0.68% to RM1.47
  • Fajarbaru Builder Group Bhd — up two sen or 5.97% to 35.5 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 7.900
FAJAR 0.350
GFM 0.375
INTA 0.425
INTA-WA 0.170
MAGNI 2.220
MMAG 0.200
MMAG-WC 0.130
OSK 1.550
TEXCYCL 1.200

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