Minho, Prolexus, YTL Corp, YTL Power, Malpac, TWL

Minho, Prolexus, YTL Corp, YTL Power, Malpac, TWL
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KUALA LUMPUR (April 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Friday (April 8).

Four stocks showed positive momentum, while two indicated negative momentum.


The stocks with positive momentum were:

Minho (M) Bhd — up one sen at 37 sen

Prolexus Bhd — down four sen at 69 sen

YTL Corp Bhd — up four sen at 65 sen

YTL Power International Bhd — up eight sen at 75.5 sen


The stocks with negative momentum were:

Malpac Holdings Bhd — down one sen at RM1.26

TWL Holdings Bhd — up half a sen at 8.5 sen


The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with 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

Lam Jian Wyn