KUALA LUMPUR (Dec 17): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon break today. Three stocks displayed positive momentum, while 11 showed negative momentum.
Stocks with positive momentum were:
GUH Holdings Bhd – up 4.5 sen at 42.5 sen
Maxim Global Bhd – up one sen at 33.5 sen
Scope Industries Bhd – up 3.5 sen at 29.5 sen
Stocks with negative momentum were:
Gadang Holdings Bhd – up two sen at 49 sen
Ho Hup Construction Company Bhd – up two sen at 51.5 sen
Jiankun International Bhd – down three sen at 58 sen
Kimlun Corp Bhd – up five sen at 92.5 sen
Lion Posim Bhd – down half a sen at 61.5 sen
Mah Sing Group Bhd – up half a sen at 93.5 sen
Malaysian Resources Corp Bhd (MRCB) – up 1.5 sen at 51.5 sen
Nylex (Malaysia) Bhd – up 2.5 sen at 64.5 sen
Ralco Corp Bhd – up 16.5 sen at 87 sen
Seremban Engineering Bhd – up two sen at 72 sen
Turbo-Mech Bhd – up half a sen at 75.5 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.
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.