KUALA LUMPUR (Dec 14): theedgemarkets.com has highlighted 17 stocks with momentum at Bursa Malaysia’s noon market break today. Two stocks displayed positive momentum, with the rest indicating negative momentum.
The stocks with positive momentum were:
Affin Bank Bhd — up five sen at RM1.95
Jaycorp Bhd — up 15 sen at RM1.66
The stocks with negative momentum were:
Guocoland (M) Bhd — up 14 sen at 71.5 sen
Sino Hua-An International Bhd — up 3.5 sen at 16.5 sen
Genting Bhd — up 25 sen at RM4.92
Genting Malaysia Bhd (GenM) — up 16 sen at RM2.86
MPHB Capital Bhd — up three sen at RM1.23
AirAsia X Bhd (AAX) — up two sen at 11 sen
Only World Group Holdings Bhd — up 3.5 sen at 32.5 sen
MyNews Holdings Bhd — up a sen at 72 sen
Golden Pharos Bhd — unchanged at 26 sen
CYL Corp Bhd — up three sen at 51.5 sen
Ralco Corp Bhd — up 4.5 sen at 67.5 sen
Hai-O Enterprise Bhd — up seven sen at RM2.31
Lee Swee Kiat Group Bhd — up 12.5 sen at 94 sen
LPI Capital Bhd — up 22 sen at RM14.02
Jiankun International Bhd — unchanged at 58 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.