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LKL International, MAA Group, Kossan Rubber Industries, Sin Heng Chan (Malaya), Paos Holdings, Supermax, AWC

16 Nov 2023, 14:33 PM SGT

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KUALA LUMPUR (Nov 16): theedgemalaysia.com highlighted seven stocks with momentum during Bursa Malaysia’s afternoon close on Thursday. Three stocks displayed positive momentum, while the other four indicated negative momentum.

The stocks with positive momentum were:  

  • LKL International Bhd — up half a sen or 2.5% to 20.5 sen 

  • MAA Group Bhd — up 11.5 sen or 33.33% to 46 sen 

  • Kossan Rubber Industries Bhd — up 10 sen or 6.76% to RM1.58

The stocks with negative momentum were:  

  • Sin Heng Chan (Malaya) Bhd — up 0.2 sen or 5.06% to 41.5 sen  

  • Paos Holdings Bhd — up 6.5 sen or 15.66% to 48 sen 

  • Supermax Corp Bhd — up 2.5 sen or 2.91% to 88.5 sen 

  • AWC Bhd — up 1.5 sen or 2.34% to 65.5 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

Edited ByIsabelle Francis

Source: https://theedgemalaysia.com