KUALA LUMPUR (Dec 10): theedgemarkets.com highlighted eight stocks with momentum as at the noon market break today. One stock showed positive momentum while seven stocks displayed negative momentum.
The stock with positive momentum was:
IOI Properties Group Bhd — rose nine sen at RM1.68
The stocks with negative momentum were:
Three-A Resources Bhd — rose two sen at 95 sen
Affin Bank Bhd — rose two sen at RM1.74
AWC Bhd — rose one sen at 51.5 sen
ECM Libra Group Bhd — unchanged at 25 sen
Lee Swee Kiat Group Bhd — rose four sen at 79.5 sen
Leweko Resources Bhd — fell half a sen at 17 sen
Malaysia Building Society Bhd — rose three sen at 71 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.