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SKP Resources, Supercomnet, Ajiya, Nova Wellness

KUALA LUMPUR (Nov 25): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Nov 25). Two stocks displayed positive momentum, while two showed negative momentum.

The stocks with positive momentum were:

SKP Resources Bhd - up 19 sen at RM1.99

Supercomnet Technologies Bhd - up 11 sen at RM1.92

The stocks with negative momentum were:

Ajiya Bhd - up 8.5 sen at 80 sen

Nova Wellness Group Bhd - unchanged at 99 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.


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