K-One, JAG ,Oceancash, Asdion, LYC, Texcyle, Es Ceramics, BCM Alliance, LKL, HLT, Bursa, Nylex, Samchem, Karex, Hubline, CJ Century, RGT

-A +A

KUALA LUMPUR (June 1): theedgemarkets.com has highlighted 17 stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, with the rest displaying negative momentum.

The stock which indicated positive momentum was:

K-One Technology Bhd – up nine sen at 41 sen.

The stocks which displayed negative momentum were:

JAG Bhd – up a sen at 7.5 sen

Oceancash Pacific Bhd – up nine sen at 81 sen

Asdion Bhd – up a sen at 14 sen

LYC Healthcare Bhd – up two sen at 46.5 sen

Tex Cycle Technology (M) Bhd – up five sen at 34 sen

ES Ceramics Technology Bhd – up 15 sen at 61.5 sen

BCM Alliance Bhd – up 6.5 sen at 29 sen

LKL International Bhd – up 17.5 sen at 73 sen

HLT Global Bhd – up 29.5 sen at 88 sen

Bursa Malaysia Bhd – up 36 sen at RM8.01

Nylex (M) Bhd – up eight sen at 91.5 sen

Samchem Holdings Bhd – up five sen at 80 sen

Karex Bhd – up 1.5 sen at 62 sen

Hubline Bhd – up half a sen at six sen

CJ Century Logistics Bhd – up four sen at 41 sen

RGT Bhd – up 2.5 sen at 23.5 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com