GFM, IWCity, UMCCA, UEMS, Danco, Tawin, CSH, CAB, Teoseng, Ecowld, KSL, Swkplnt, HSPlant, MKH

GFM, IWCity, UMCCA, UEMS, Danco, Tawin, CSH, CAB, Teoseng, Ecowld, KSL, Swkplnt, HSPlant, MKH
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KUALA LUMPUR (Feb 21): theedgemarkets.com highlighted 14 stocks at Bursa Malaysia’s afternoon close on Monday (Feb 21). Ten indicated negative momentum, while four were positive.

The stocks with negative momentum were:

GFM Services Bhd — up one sen at 24 sen

Iskandar Waterfront City Bhd — up half a sen at 35.5 sen

United Malacca Bhd — down 28 sen at RM5.5

UEM Sunrise Bhd — up one sen at 36.5 sen

Dancomech Holdings Bhd — up 1.5 sen at 55 sen

TA Win Holdings Bhd — up half a sen at 19 sen

CSH Alliance Bhd — up one sen at 12 sen

CAB Cakaran Corp Bhd — up two sen at 55 sen

Teo Seng Capital Bhd — up 2.5 sen at 87.5 sen

Eco World Development Group Bhd — up five sen at RM1.07

The stocks with positive momentum were:

KSL Holdings Bhd — up two sen at 71 sen

Sarawak Plantation Bhd — up seven sen at RM3.05

Hap Seng Plantations Holdings Bhd — up six sen at RM2.45

MKH Bhd — up three sen at RM1.4

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

Surin Murugiah