KUALA LUMPUR (Dec 28): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks show positive momentum while five show negative momentum.
Stocks with positive momentum were:
DGB Asia Bhd – up one sen to 18.5 sen
Harbour-Link Group Bhd – up 4.5 sen to 80.5 sen
Stocks with negative momentum were:
Caely Holdings Bhd – down one sen to 83 sen
K-Star Sports Limited – down 0.5 sen to 10 sen
PMB Technology Bhd – up 21 sen to RM4.46
PUC Bhd – up 3.5 sen to 35.5 sen
TH Heavy Engineering Bhd – unchanged at 10.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com