KUALA LUMPUR (Dec 1): theedgemarkets.com highlighted nine stocks with momentum as at the noon market break. One stock showed positive momentum while eight showed negative momentum.
Stock with positive momentum:
Johore Tin Bhd - up 14 sen or 8% at RM1.89
Stocks with negative momentum:
Bioalpha Holdings Bhd - up 3.5 sen or 11.3% at 34.5 sen
Malaysia Building Society Bhd (MBSB) - up three sen or 5.1% at 61.5 sen
Harbour-Link Group Bhd - up eight sen or 11.6% at 77 sen
OSK Holdings Bhd - up three sen or 3.6% at 85.5 sen
Pestech International Bhd - up two sen or 2.5% at 82 sen
Analabs Resources Bhd - unchanged at RM1.17
G Capital Bhd - up 10 sen or 13.1% at 86.5 sen
Tiong Nam Logistics Holdings Bhd up 9.5 sen or 11.4% at 93 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.