KUALA LUMPUR (Dec 28): theedgemarkets.com highlighted 17 stocks with momentum at Bursa Malaysia’s afternoon market break today. It showed two counters with positive momentum and 15 with negative momentum.
Stocks with positive momentum were:
Land & General Bhd – up two sen at 13.5 sen
Malaysia Smelting Corp Bhd – up 18 sen at RM1.39
Stocks with negative momentum were:
Asia Media Group Bhd – up one sen at 14.5 sen
BTM Resources Bhd – up three sen at 26.5 sen
CN Asia Corp Bhd – up 30 sen at RM1.32
Elsoft Research Bhd – up six sen at 71 sen
Iris Corp Bhd – up 3.5 sen at 44 sen
Ivory Properties Group Bhd – up one sen at 18.5 sen
Kim Hin Joo (Malaysia) Bhd – up two sen at 27.5 sen
Lagenda Properties Bhd – up five sen at RM1.27
Leon Fuat Bhd – up 3.5 sen at 57.5 sen
Malaysia Steel Works (KL) Bhd (Masteel) – up 11 sen at 64.5 sen
Melewar Industrial Group Bhd – up 6.5 sen at 40 sen
Prestar Resources Bhd – up four sen at 87.5 sen
Rex Industry Bhd – up 1.5 sen at 25.5 sen
Signature International Bhd – up four sen at 50 sen
Toyo Ventures Holdings Bhd – up 13 sen at RM1.02
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 Tan Choe Choe