KUALA LUMPUR (Nov 23): theedgemarkets.com highlighted 18 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 16 with negative momentum.
The stocks with positive momentum are:
Fibon Bhd — up 3.5 sen at 67.5 sen
Globaltec Formation Bhd — up half sen at seven sen
The stocks with negative momentum are:
Lii Hen Industries Bhd — up 12 sen at RM2.99
Stone Master Corp Bhd — up 2.5 sen at 38.5 sen
UMS Holdings Bhd — up 11 sen at RM2.84
Vitrox Corp Bhd — up 27 sen at RM3.32
Yee Lee Corp Bhd — up five sen at RM2
Sanbumi Holdings Bhd — up 1.5 sen at 13.5
Kim Hin Industry Bhd — up 10 sen at RM2.30
EG Industries Bhd — up 5.5 sen at 87.5 sen
MTouche Technology Bhd — up one sen at 14.5 sen
PUC Founder (MSC) Bhd — up one sen at 14 sen
Borneo Aqua Harvest Bhd — down 10 sen at RM1.09
Asia Media Group Bhd — up half sen at three sen
Jadi Imaging Holdings Bhd — up half sen at 10 sen
Ewein Bhd — up three sen at RM1.04
Can-One Bhd — up 34 sen at RM4.42
Genetec Technology Bhd — up 4.5 sen to 27 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)