Stocks with momentum on Nov 29, 2024: Muar Ban Lee, Hextar Industries, Jaya Tiasa and Al-Aqar Healthcare

TheEdge Fri, Nov 29, 2024 03:13pm - 3 hours View Original


KUALA LUMPUR (Nov 29): theedgemalaysia.com highlighted three stocks with positive momentum and one stock with negative momentum at Bursa Malaysia's afternoon close on Friday. 

The stocks with positive momentum were:    

  • Muar Ban Lee Group Bhd (KL:MBL) — unchanged at 45 sen 
  • Hextar Industries Bhd (KL:HEXIND) — up one sen or 2.08% at 49 sen 
  • Jaya Tiasa Holdings Bhd (KL:JTIASA) — up six sen or 4.65% at RM1.35 

The stock with negative momentum was:   

  • Al-Aqar Healthcare REIT (KL:ALAQAR) — up two sen or 1.45% at RM1.40 

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

ALAQAR 1.400
BURSA 8.860
HEXIND 0.505
JTIASA 1.330
MBL 0.440
MBL-WB 0.110
REIT 861.220

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