KUALA LUMPUR (Dec 16): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon break today. Three stocks displayed positive momentum, while nine showed negative momentum.
Stocks with positive momentum were:
AYS Ventures Bhd – down 1.5 sen at 28.5 sen
Bina Puri Holdings Bhd – up two sen at 12 sen
Tiger Synergy Bhd – up 2.5 sen at 15 sen
Stocks with negative momentum were:
Cheetah Holdings Bhd – up 10.5 sen at 58 sen
Lion Posim Bhd – up three sen at 60 sen
Only World Group Holdings Bhd – up two sen at 35 sen
Rex Industry Bhd – up two sen at 23.5 sen
Rhone Ma Holdings Bhd – up two sen at 77 sen
TA Enterprise Bhd – unchanged at 65 sen
Tashin Holdings Bhd – down half a sen at 34.5 sen
Theta Edge Bhd – up two sen at 48.5 sen
YKGI Holdings Bhd – up three sen at 18 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.