KUALA LUMPUR (Dec 13): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. One showed positive while the remaining 11 were negative.
The stocks with positive momentum was:
GDB Holdings Bhd - up 5.5 sen to 53 sen
The stocks with negative momentum were:
Binasat Communications Bhd - up 0.5 sen to 33.5 sen
Iskandar Waterfront City Bhd - up 8.5 sen to 99 sen
Insas Bhd - down 1.5 sen to 89.5 sen
Media Chinese International Bhd - up 0.5 sen to 23.5 sen
Xidelang Holdings Ltd - down 0.5 sen to 10.5 sen
WMG Holdings Bhd - Unchanged at 13.5 sen
BCB Bhd - unchanged at 36.5 sen
Thong Guan Industries Bhd - Up 12 sen to RM3.61
Wong Engineering Corporation Bhd - up one sen to 55 sen
Pansar Bhd - unchanged at 59 sen
Ekovest Bhd - up 8.5 sen to 89.5 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 recommendations. 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 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.