KUALA LUMPUR (Dec 22): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close on Thursday (Dec 22). Three stocks had positive momentum, while five stocks showed negative momentum.
The stocks with positive momentum were:
- Divfex Bhd — up half a sen at 9.5 sen
- Reneuco Bhd — up 6.5 sen at 32 sen
- Tune Protect Group Bhd — up half a sen at 29 sen
The stocks with negative momentum were:
- Apex Healthcare Bhd — down six sen at RM3.54
- Gagasan Nadi Cergas Bhd — up one sen at 32 sen
- Progressive Impact Corporation — up half a sen at 24.5 sen
- Sersol Bhd — up three sen at 22.5 sen
- WCE Holdings Bhd — unchanged at 31 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