KUALA LUMPUR (Dec 11): theedgemarkets.com highlighted nine stocks with negative momentum at Bursa Malaysia's noon break today.
The stocks with negative momentum were:
Alliance Bank Malaysia Bhd — up eight sen at RM2.93
Affin Bank Bhd — rose nine sen to RM1.88
Cymao Holdings Bhd — rose 17.5 sen to 90 sen
Ipmuda Bhd — rose 20.5 sen to 95.5 sen
Jiankun International Bhd — up half a sen at 57 sen
Malaysia Building Society Bhd (MBSB) — up 3.5 sen at 75.5 sen
Rhone Ma Holdings Bhd — up 1.5 sen at 71.5 sen
Sinmah Capital Bhd — up 3.5 sen at 37 sen
WCE Holdings Bhd — up 1.5 sen at 37.5 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