KUALA LUMPUR (Dec 24): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while 10 showed negative momentum.
Stocks with positive momentum were:
Hume Cement Industries Bhd – up seven sen at RM1.27
Marine & General Bhd – up 12.5 sen at 20 sen
Stocks with negative momentum were:
AYS Ventures Bhd – down half a sen at 31 sen
KPower Bhd – up 48 sen at RM7.03
Lagenda Properties Bhd – up three sen at RM1.21
Leon Fuat Bhd – up one sen at 53.5 sen
Malaysia Steel Works (KL) Bhd (Masteel) – up two sen at 54 sen
Malaysia Smelting Corp Bhd (MSC) – up 13 sen at RM1.23
Mycron Steel Bhd – up one sen at 46.5 sen
Sarawak Consolidated Industries Bhd (SCIB) – up 11 sen at RM6.05
Tashin Holdings Bhd – up 1.5 sen at 39 sen
Widad Group Bhd – up two sen at 80 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.
Edited by Chong Jin Hun