Insas, UOA Development, Eco World International, Damansara Realty, MISC, MISC-C24, Oriental Holdings, Asia Pac, LBS Bina, MKH, JayCorp

Insas, UOA Development, Eco World International, Damansara Realty, MISC, MISC-C24, Oriental Holdings, Asia Pac, LBS Bina, MKH, JayCorp
-A +A

KUALA LUMPUR (Dec 12): theedgemarkets.com highlighted 11 stocks at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and eight with negative momentum.

Stocks with positive momentum were:

Insas Bhd — up 1.5 sen at 90.5 sen

UOA Development Bhd — unchanged at RM2.06

Eco World International Bhd — down 5.5 sen at 98.5 sen

Stocks with negative momentum were:

Damansara Realty Bhd — up 1.5 sen at 46 sen

MISC Bhd — up 22 sen at RM8.52

MISC-C24 — up 2.5 sen at 23 sen

Oriental Holdings Bhd — unchanged at RM6.50

Asia Pac Holdings Bhd — down one sen at 13 sen

LBS Bina Group Bhd — up 0.5 sen at 51.5 sen

MKH Bhd — up two sen at RM1.69

JayCorp Bhd — up two sen at RM1.21

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