KUALA LUMPUR (Dec 2): theedgemarkets.com has highlighted 22 stocks with momentum at Bursa Malaysia’s afternoon break today. One stock displayed positive momentum, while the rest showed negative momentum.
The stock with positive momentum was:
LB Aluminium Bhd — up three sen at 60 sen
The stocks with negative momentum were:
FACB Industries Inc Bhd — up eight sen at RM1.60
Cymao Holdings Bhd — up half a sen at 39.5 sen
CSC Steel Holdings Bhd — up seven sen at RM1.13
Malaysia Steel Works (KL) Bhd — up three sen at 43.5 sen
Pantech Group Holdings Bhd — up two sen at 41.5 sen
Homeritz Corp Bhd — up six sen at RM1.03
Pestech International Bhd — up 6.5 sen at 91 sen
Kenanga Investment Bank Bhd — down half a sen at 93.5 sen
Suria Capital Holdings Bhd — up three sen at RM1.02
Ann Joo Resources Bhd — up eight sen at RM1.02
YLI Holdings Bhd — up eight sen at 37 sen
Khind Holdings Bhd — down four sen at RM3.18
Unimech Group Bhd — down one sen at RM1.35
Cam Resources Bhd — up two sen at 40 sen
Signature International Bhd — up one sen at 43 sen
Lee Swee Kiat Group Bhd — up three sen at 73.5 sen
Poly Glass Fibre (M) Bhd — up 1.5 sen at 48.5 sen
Public Packages Holdings Bhd — up 10 sen at RM1.20
KYM Holdings Bhd — up two sen at 36.5 sen
KESM Industries Bhd — up 40 sen at RM12.02
Leader Steel Holdings Bhd — up six sen at 56 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.