Trading activity on Bursa Malaysia at Monday’s midday close highlighted several stocks that recorded unusual price and volume movements. Comfort Gloves, Iconic Worldwide and RGT featured on the positive momentum list, while PCCS Group and Revenue IF were classified in the negative momentum group.
Highlights
- Comfort Gloves Bhd rose one sen, or 5.41%, to 19.5 sen; Iconic Worldwide Bhd rose half a sen, or 4.76%, to 11 sen; RGT Bhd rose 2.5 sen, or 5.26%, to 50 sen.
- PCCS Group Bhd jumped 1.5 sen, or 5%, to 31.5 sen and Revenue IF Bhd rose half a sen, or 5.88%, to nine sen, despite being listed as having negative momentum.
- The momentum stock list published by The Edge Malaysia uses a mathematical algorithm to identify stocks with unusual volume and price changes on 26 Oct.
This article was translated from the original. Read the original version by our correspondent here.
Stocks listed in midday trading
As reported by The Edge Malaysia, the momentum stock list on 26 Oct featured three stocks with positive momentum and two with negative momentum, based on afternoon trading on Bursa Malaysia.Comfort Gloves Bhd rose one sen, or 5.41%, to 19.5 sen. Iconic Worldwide Bhd gained half a sen, or 4.76%, to 11 sen, while RGT Bhd added 2.5 sen, or 5.26%, to 50 sen.
On the negative momentum list, PCCS Group Bhd rose 1.5 sen, or 5%, to 31.5 sen, while Revenue IF Bhd gained half a sen, or 5.88%, to nine sen.
How investors use momentum lists
This momentum stock list is generated using a proprietary mathematical algorithm that highlights stocks with increases in trading volume and price movements. The algorithm distinguishes stocks showing positive and negative momentum based on price trends and volume activity.The ranking is not a buy or sell recommendation, but an indication that a stock is recording higher-than-usual volume and price changes. The next move could still be up or down, and momentum signals typically last only for a short period.
In our previous article on Bursa Malaysia’s trading momentum screen at the session close in the afternoon, one stock was identified with a positive signal, while two others showed negative signals based on a combination of price movements and volume. We also stressed that this momentum list is not a buy or sell recommendation, but an early indication of stocks recording unusual activity, which typically lasts only for a short period.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
