KUALA LUMPUR (Jan 30): theedgemarkets.com highli
The stocks with positive momentum were:
- Parkson Holdings Bhd — up one sen or 10.34% at 16 sen
- PLS Plantations Bhd — down one sen or 0.88% at RM1.12
The stocks with negative momentum were:
- JcbNext Bhd — up 10 sen or 6.99% at RM1.53
- Zen Tech International Bhd — up one sen or 20% at six sen
- Trive Property Group Bhd — unchanged at seven sen
- Marco Holdings Bhd — up half a sen or 2.94% at 17 sen
- Nylex (Malaysia) Bhd — up four sen or 7.34% at 58 sen
- Edaran Bhd — up one sen or 1.75% at 58 sen
- Yoong Onn Corp Bhd — up six sen or 4.44% at RM1.41
- CapitaLand Malaysia Trust — up one sen or 2.52% at 61 sen
- MCT Bhd — up half a sen or 3.03% at 17 sen
- Malaysia Marine and Heavy Engineering Holdings Bhd — up 1.5 sen or 2.26% at 68 sen
- Econpile Holdings Bhd — up one sen or 5.88% at 18 sen
- EA Technique (M) Bhd — up 2.5 sen or 11.36% at 24 sen
- Encorp Bhd — up two sen or 6.90% at 31 sen
- OKA Corp Bhd — down half a sen or 0.62% at 80 sen
- Tek Seng Holdings Bhd — up two sen or 6.15% at 34 sen
- Rohas Tecnic Bhd — up one sen or 3.57% at 29 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