KUALA LUMPUR (Dec 9): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Dec 9). Three stocks displayed positive momentum, while the other five indicated negative momentum.
The stocks with positive momentum were:
Econframe Bhd ― up five sen at RM1.08
- Malaysian Bulk Carriers Bhd (Maybulk) ― up six sen at 49 sen
- Ni Hsin Group Bhd ― unchanged at 15.5 sen
The stocks with negative momentum were:
- Privasia Technology Bhd ― up two sen at 13.5 sen
- Ecoscience International Bhd ― up five sen at 42.5 sen
- Ornapaper Bhd ― up nine sen at RM1.15
- Progressive Impact Corp ― up half a sen at 21.5 sen
- Dataprep Holdings Bhd ― up 1.5 sen at 32 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